From The Toronto Star, 3/3/05:
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1109803811510&call_pageid=970599119419
Greenspan sounds U.S. deficit warning
Consequences `could be severe,' Fed chief says
Debt worries clouding outlook for economy
WASHINGTON--
Federal Reserve Board chairman Alan Greenspan issued one of his
toughest warnings yet to Congress yesterday about the danger of
letting the country's giant budget deficits persist, saying "the
consequences for the U.S. economy of doing nothing could be severe."
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Sounds serious, doesn't he.
Harry
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