Quotation by

Alan Greenspan

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my

Alan Greenspan

Money

Understanding this quote AI Analysis

Alan Greenspan is saying that while he supports reducing taxes, it should not be done by borrowing money. He warns that combining government spending and tax cuts funded by debt leads to serious financial problems over time.

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