Secretary of State Hillary Clinton testifies before the Senate Foreign Relations Committee on Capitol Hill in Washington February 24, 2010. REUTERS/Yuri GripasHillary Blasts Greenspan On Debt, Says It Is A Threat To National Security -- ABC News
ABC News' Kirit Radia reports: Secretary of State Hillary Clinton took a swipe at Alan Greenspan today, saying the former Federal Reserve chair’s “outrageous” advice led to a ballooning national debt that Clinton said is now a threat to national security.
"I served on the budget committee in the Senate, and I remember as vividly as if it were yesterday when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt -- outrageous in my view," she said.
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More News On Secretary Of State Clinton, The Debt, And National Security
Clinton says U.S. deficit now a security issue -- Reuters
US debt is a national security matter: Clinton -- Yahoo News/AFP
Debt a national security issue -- Straits Times
My Comment: Of course the national debt is a threat to national security .... it always has been.
I am happy that Sec. of State Clinton has found religion on the need to be fiscally prudent when it comes to our nation's finances, but the Democrats have had an ironed grip on Congress for the pass three years and the Presidency for the past year .... and they have done next to nothing to alleviate this crisis situation.
Of course, of course, hillary does make some sense finally after years of reflection on comments which at the time were justified by former FED boss Alan Greenspan. Monetary and fiscal policy is all about timing and the democrats are so economically challenged that they still havent figured it out yet.
ReplyDeleteShe blames Greenspan but the dems are spending more... have you looked at Obama's proposed budget??? and what are we spending all this money on? Social programs that don't work! in fact most of our spending has led to a reduction in the quality of life in America.
read about Obama's debt
Check out my post at http://economicsforliberty.wordpress.com
there seems to be a negative relationship between our spending increases on social safety nets (public/government programs) and our standard of living! so why does our government keep spending on new programs that do nothing every year?