Greenspan Faults Bush Over Spending

Former Federal Reserve Chairman Alan Greenspan, in his upcoming book, bashes President Bush for not responsibly handling the nation’s spending and racking up big budget deficits.

A self-described “libertarian Republican,” Greenspan takes his own party to task for forsaking conservative principles that favor small government.

The ex-Fed chief writes that he laments the loss of fiscal discipline.

“Congress and the president viewed budgetary restraint as inhibiting the legislation they wanted,’ he wrote. “`Deficits don’t matter,’ to my chagrin, became part of Republicans’ rhetoric.” continued @ http://tinyurl.com/2dg3sw