The U.S. fiscal deficit is “scary” and the government should slash entitlement spending, former Federal Reserve Chairman Alan Greenspan said.
“We’re involved in a dangerous game,” Greenspan said, according to Bloomberg News.
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The deficit may be a factor in low investment by U.S. companies, as it creates uncertainty about tax policies, Greenspan said in an opinion article for the…
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Greenspan Says U.S. Deficit Is ‘Scary’ originally appeared on DailyFinance on Fri, 08 Oct 2010 08:06:00.