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Entry: Greenspan's Gambits Link: http://www.takimag.com/site/article/greenspans_gambits#5312 Post contents: Excellent article on Greenspan's various frauds, and his history of sucking up to whatever powerful special interest he could for his own self-advancement. Particularly of interest is his commentary on the so-called "Libertarians" idea of tax cuts---paid for with long term debt instead of budget cuts. One could hardly argue that tax cuts create growth, when the tax cuts are accompanied by Keynesian style federal spending. It is indeed, the "libertarian Republican" version of the "free lunch", that tax cuts will create enough additional revenue so that spending cuts are not necessary. It's a ponzi scheme, and Greenspan has been it's chief promoter. Note the Republican talk these days that entitlement spending are creating all the problems with the federal deficit, while the Social Security Payroll tax is now accounting for 67% of total federal revenue! And then the "libertarian Republicans" sponsor "nation building" foreign policy of Bush2 and his Wall Street/Israeli Lobby variety, which is the chief reason behind the budget deficit in the first place. Sheer hypocrisy. If anyone wants an example of how "libertarianism" is nothing more then a fraud, and mere rationalization for giving those that have the most, a little more, then I give you the example of the most prominant "Libertarian" in the USA, Alan Greenspan. Ravi Batra did a great job of debunking the Alan Greenspan/ Libertarian myth in his book, "Greenspan's Fraud". Lobby sponsors Sent at: 2008 11 22