Friday, September 30, 2005

Out of control, again

After reading this, the idea that a conspiratorial
group is in control of any economy is ludicrous...or
anyone else, for that matter.
WASHINGTON (Reuters) -
U.S. Federal Reserve Chairman Alan Greenspan told
France's Finance Minister Thierry Breton the
United States has "lost control" of its budget
deficit, the French minister said on Saturday.

"'We have lost control,' that was his
expression," Breton told reporters after a
bilateral meeting with Greenspan.

"The United States has lost control of their
budget at a time when racking up deficits has
been authorized without any control (from
Congress)," Breton said.

"We were both disappointed that the management
of debt is not a political priority today," he

Full story.