Mr. Greenspan has no taxing authority nor does he have any say so over how and where taxes are levied. We are in this spot because we only seem to care about lining up every four years and voting for a king. Our congressmen lead us down the primrose path every two years when we ought to be leading them into the woodshed.
When Greenspan reports that the fed rates will go up and force up interest rates because of the federal deficit and the need to attract lenders unless taxes are increased, then tell me he has no authority.