Alan Greenspan Opposes Bush Tax Cuts…

...Unless they're paid for.

"I'm very much in favor of tax cuts but not with borrowed money and the problem that we have gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money," he said.

But as I've been saying, cutting spending to pay for the tax cuts will hurt economic growth while extending the Bush tax cuts won't stimulate growth either. The only solution is near-term stimulus spending. And if we're going to increase the deficit on something, it might as well be something that actually grows the economy.