Greenspan Points to Danger of Rising Budget Deficits

"Alan Greenspan, the chairman of the Federal Reserve, warned of the dangers of rising budget and trade deficits in two speeches on Friday. Speaking at a meeting here of the Group of 7 finance ministers, he said the growing American trade deficit could be "quite painful" for the world economy if it was not arrested. He urged the United States and other countries with trade deficits to stop the "pernicious drift toward fiscal instability."

The huge deficits given to us by the Bush administration and the Republican Congress could point to danger? Well, no shit dumbass! Greenspan-get the fuck out of here..... Where's Bob Rubin?