Greenspan supported the tax cuts of 2001 with the most specious of arguments – that unless something was done about America’s soaring fiscal surpluses, the national debt would be totally paid off within, say, ten to fifteen years. According to Greenspan, immediate action needed to be taken to avert this looming disaster, which would impede the Fed’s ability to conduct monetary policy!
但是，格林斯潘遗产的真正问题在于过去五年中美国经济所发生的事情，对此，他负有重大责任。格林斯潘用最为似是而非的理由支持2001年的减税，也就是，除非对美国激增的财政盈余采取行动，否则，美国国债将会在10到15年内完全付清。格林斯潘认为，应当立即采取行动避免这一即将到来的灾难，因为这一灾难将会阻碍美联储实施货币政策的能力！