The Spectacle Blog
Merging the topics of my previous two posts, here’s a classic Sarbanes Banking Committee moment, as recounted by Bill Bradford in 1997:
[Alan] Greenspan … recommended to a Senate committee that economic regulations all should be sunsetted. Senator Paul Sarbanes accused him of “playing with fire, or indeed throwing gasoline on the fire,” and asked him whether he favored a sunset provision in the authorization of the Fed.Greenspan coolly answered that he did. Do you actually mean, demanded the senator, that the Fed “should cease to function unless affirmatively continued”? “That is correct, sir,” Greenspan responded. “All right,” the senator came back. “The Defense Department?” “Yes.”
The Senator could scarcely believe his ears.
Leave a comment
Related Blog Posts
More Blog Posts by John Tabin
http://spectator.org/blog/2005/11/16/sunset-provisions
Follow us:
ADVERTISEMENT
Current Issue
- A President Loses His Power
- Screwtape Talks Turkey
- The Vast and the Tiny
SPONSORED LINKS
FLASHBACK TO: 1995
-
Pope Culture
A man of faith in a godless age is hitting Americans where it hurts.
-
Why the GOP Does Not, Like, Totally Suck
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
-
Dames at Sea
-
In the Absence of Guns
In Britain, defending your property can get you life.
-
The Metaphysical Martini
-
Counting the Costs of Clintonism
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
-
Chuck McHagel
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
-
The Legacy of Old John and Mother Fresh-Roasted
-
It’s the Best Time of the Year
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
-
The Bush Crack-Up
Was the President done in by the economy, or by the politics of the economy?
Clip of the Day
ADVERTISEMENT
