The fact that I’m in favor of going back to the Clinton tax structure is merely an indicator of how scared I am of this debt problem that has emerged and its order of magnitude.

Former Fed Chairman Alan Greenspan, an enthusiastic supporter of the Bush-era tax cuts for the rich, now supports raising top marginal tax rates on high earners. Last week, Joel Slemrod, a top economic adviser to Ronald Reagan, said the same thing. (via andrewgraham)
One wonders just how many seconds will elapse until FOXnews is running “Greenspan: Just how insane was he?” documentaries 24/7. May already be live.