Looks like Greenspan stepped up and held to his convictions. That's certainly refreshing to see. Wonder when it will cost him his job.

Mr Greenspan warned senators that the huge budget deficits contemplated by that plan would have negative economic consequences, and that there was an urgent need to restore budget discipline.

And he also contradicted the assertion of the budget director, Mitch Daniels, that higher economic growth would eventually correct the deficit.