Reid's Read

“I'm not a big Greenspan fan -- Alan Greenspan fan. I voted against him the last two times. I think he's one of the biggest political hacks we have in Washington. The fact of the matter is, he told us when we were in power and Clinton was president the biggest problem facing the American people was the deficit. And we did something about it. We, during the Clinton years, paid down the debt by about a half a trillion dollars.

Why doesn't he respond to the Republicans and tell them the big problem here is the debt that this administration is created? We had a $7 trillion surplus when Bush took office, now we have a $3 or $4 trillion deficit. That's, in fact, what Greenspan should be telling people.”

-Senate Minority Leader Harry Reid to CNN’s Judy Woodruff