Alan Greenspan Fiscal Quotations

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

I find it utterly inconceivable, frankly, that we can have the type of potential fiscal outlook, which now confronts us over the next 15 to 20 years which, unless addressed, will not have a significant impact on long-term interest rates,

hesitancy to face up to the difficult choices that will be required to resolve our looming fiscal problems.

The imbalance in the federal budgetary situation, unless addressed soon, will pose serious longer-term fiscal difficulties,

The changes in the budget outlook over the past several years are truly remarkable, ... We need to resist those policies that could readily resurrect the deficits of the past and the fiscal imbalances that followed in their wake.