Greenspan: This Is The Worst Economy I've Ever Seen

Sam Stein from the Huffington Post wrote a nice blog based on Alan Greenspan's take on the current and future economy.

Below are some things of interest he quoted!

There's no question that this is in the process of outstripping anything I've seen and it still is not resolved and still has a way to go and, indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system."

"I'm not in favor of financing tax cuts with borrowed money," he said. "I always have tied tax cuts to spending."

So much for making tax cuts for the wealthy permanent.