Greenspan: Obama Should Raise Everyone's Taxes

Alan Greenspan, husband of liberal commentator Andrea Mitchell, and former Fed chairman whose easy monetary policy is partly to blame for both the stock market bubble and the housing bubble, is now advising Obama to "let all of Bush's tax cuts expire."

First, why is the Bush tax cut the starting point in history? Tax rates go up or down every single presidency. Why don't we say we should "let GHW Bush's or Clinton's tax increases expire?"

The truth is that Greenspan's long tenure in Washington has turned his head to liberal mush. He also says that the problem is "a decade of major increases in federal spending and major tax cuts.” Let's get this straight - after all of this spending and tax cutting under Bush, the deficit was still only 1.2% of GDP in 2007. It wasn't until the Democrat-passed "tax rebates" and Obama's $3 trillion in spending, as well as the Democrat-caused recession that caused the deficit to balloon to $2 trillion in 2010.

Sure, Bush spent too much - but to say this deficit was caused prior to 2008 is so completely absurd that I wouldn't be surprised if Greenspan's wife wrote out his script for him. Who is this guy kidding??

Let's allow Americans to vote - keep your taxes at current rates and cut Obama's radical spending increases or destroy the middle class completely and give it all to Obama's chosen people?