Alan Greenspan - Deficit Quotes

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Deficit spending is simply a scheme for the confiscation of wealth.

Alan Greenspan

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

Alan Greenspan

The resolution of our current account deficit and household debt burdens does not strike me as overly worrisome, but that is certainly not the case for our fiscal deficit, which, according to the Congressional Budget Office, will rise significantly as the baby boomers start to retire in 2008. Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces that stabilize other imbalances.

Alan Greenspan