When will we pay the piper?

Alan Greenspan has FINALLY raised the question that's been on my mind regarding proposed tax cuts and our growing deficit. The Bloomberg.com has posted a story, written by Scott Lanman.

Greenspan Says McCain Tax Plan Needs Corresponding Budget Cuts

By Scott Lanman

Sept. 12 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the country can't afford $3.3 trillion of tax cuts proposed by Republican presidential nominee John McCain without corresponding spending reductions. READ THE FULL ARTICLE HERE.

The following statement appears on The Huffington Post in the comments section:

By spending money that we don't have, republicans HAVE taxed the American public. "Tax-and-spend-democrats" makes a really scary soundbite; however, "spend-and-spend-and-spend-republicans" are a far more dangerous reality.