Social Spending Quotes
At the time, the Republicans cast themselves as the party of prudent and responsible budgeting and the Democrats as the party of spending, especially on social services. The reality was just the reverse for a period of time, when it was the Clinton Democratic Administration that had a balanced budget and a surplus as opposed to the Republican administrations of high deficits and even greater social spending than the Democrats. Greenspan was himself a Republican which added a little sting to the quotation.