WASHINGTON (Reuters) - 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 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.
http://www.tinyurl.com/bz6e5
It's one thing for the Democrats, progressives and assorted media pundits to say it, but when Greenspan says it, it's gotta hurt.
Even the most ardent Republican supporter is gonna wince at this one.