Tax Increase for Retired

Here we go again. Two years ago Federal Reserve Board Chairman Alan Greenspan assured himself of keeping his job by telling George Bush what the President wanted to hear--that the recession was over. It worked. He kept his job--but the recession deepened. Was Greenspan lying or just incompetent?

Now he’s telling Clinton that the President’s plan is “plausible” (Feb. 20). Obviously he’s still anxious to keep his job. But with deja vu can we believe him, and if we do, can we trust him?

OLIVER BERLINER

Beverly Hills