David Weldon: “Federal Reserve Chairman Alan Greenspan recently testified in a way that my colleagues will never ever hear quoted by…”

“Federal Reserve Chairman Alan Greenspan recently testified in a way that my colleagues will never ever hear quoted by the other side. In fact, none of the mainstream newspapers appear to see fit to publish this portion of his remarks, save, of course, for the Wall Street Journal editorial page. Chairman Greenspan said that he would delay tax cutting unless, and here is the key part, ``unless, as I've indicated many times, it appears that the surplus is going to become a lightning rod for major increases in outlays. That's the worst of all possible worlds, from a fiscal policy point of view, and that, under all conditions, should be avoided.'' In other words, Mr. Speaker, Chairman Greenspan is saying get the money out of Washington before the liberals spend it. Give it back to the people. He goes on from there to say, ``moving on the tax front makes a good deal of sense to me.'' Those are the actual words of Chairman Greenspan, not the spin of the White House or the distortions of those on the other side who are forgetting to include the critical portion of the Federal Reserve Chairman's remarks.”