Sean Patrick Maloney: “in Alan Greenspan's new memoir, ``The Age of Turbulence,'' the former Fed Chair criticizes Republicans for abandoning…”

“in Alan Greenspan's new memoir, ``The Age of Turbulence,'' the former Fed Chair criticizes Republicans for abandoning fiscal discipline. It's no wonder: the current Bush administration has racked up over one-third, about $3.2 trillion, of our nearly $9 trillion total national debt. In fact, Ronald Reagan, George H.W. Bush, and George W. Bush are responsible for incurring almost three-quarters of our total national debt, according to a new analysis from the Joint Economic Committee. Republican administrations over the last 30 years have made us a Nation of debtors, vulnerable to the economic and political decisions made half a world away. We need a new direction. Democrats in Congress are committed to getting our fiscal house back in order.”