Former Fed Chairman Alan Greenspan is stepping up his call for Congress
to let the Bush-era tax cuts lapse.

In an appearance Sunday on NBC’s “Meet the Press,” Mr. Greenspan used
his strongest words yet to urge lawmakers to let them expire. The risk
of a U.S. debt crisis, he said, is just too big. Mr. Greenspan, who
retired from the Federal Reserve in 2006, had endorsed the cuts back in
2001 championed by then-President George W. Bush.

“This crisis is so imminent and so difficult that I think we have to
allow the so-called Bush tax cuts all to expire. That is a very big
number,” he said, referring to how much the U.S. government could save
from letting income taxes go back up to levels last seen under former
President Bill Clinton.

Mr. Greenspan was talking about re-imposing the taxes for all

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