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WASHINGTON — The government should not consider a new stimulus package, even with unemployment likely “to penetrate the 10 percent barrier and stay there for a while,” former Federal Reserve Chairman Alan Greenspan said Sunday.
“The focus has got to be on trying to get the economy going, but you also have to be careful that in trying to do too much you can actually be counterproductive,” Greenspan said on ABC’s “This Week.”
He said only 40 percent of the $787 billion economic-stimulus package approved in February is “in place.”
