Alan Greenspan sees red

The tax cuts George Bush enacted in 2001, 2002 and 2003, though large, were not permanent. Most contain “sunset clauses”, and are scheduled to expire over the next five years. But will the sun ever set on Mr Bush’s tax cuts? Some in Washington think the cuts should be extended because, after all, deficits don’t matter. Alan Greenspan is not one of them. In his testimony to the budget committee of ...