The Center for American Progress (CAP) recently published a summary description of their proposals for addressing tax and spending policy, in the light of the ‘Fiscal Cliff,’ Simpson-Bowles, and the ongoing flustercluck of fiscal policy negotiations going on before January 1, 2013. Their summary report is as good as anything I’ve seen yet in terms

Continuing the theme of ironic historic statements in the light of present circumstances explored in Life After Debt Part I,[1] today’s bizarro world villain is Alan Greenspan. No other financial celebrity (with the possible exception of Warren Buffet) carried more weight a decade ago than then-Federal Reserve Chairman Greenspan.  So when he said in 2001…