The real agenda behind the huge deficits

Reducing taxes for the wealthy and reducing entitlements for the rest of us:

Fed Chairman Alan Greenspan warned Congress Wednesday to take quick action to fix the nation’s swollen budget deficit — including measures that could cut some future Social Security payments — to avoid even bigger problems for the nation’s economy down the road.

The central bank chairman also repeated his assertion that recent tax cuts should be made permanent and said cutting spending was a better way to fix the deficit than tax increases.

From CNN Money
[Emphasis added by NewMexiKen]