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fastyxx said:

By the way, even Greenspan has come out in favor of rescinding the Bush tax cuts.

http://www.ft.com/cms/s/0/1cd58e8c-9130-11df-b297-00144feab49a.html

On the basis that he believes it's not "politically realistic" that spending will be cut to the degree necessary to simply maintain the current deficit. That's a pretty important qualifier.