Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Nikole Wollerstein who wrote (20879)	5/4/2004 10:00:16 AM
From: sea_urchin	Read Replies (1) of 81207

Nikita > Where have you seen that government confiscating SS and Medicare? us.cnn.com realcities.com >>>Alan Greenspan weighed in Wednesday on the contentious debate over the future of Social Security and Medicare by suggesting that Congress scale back future benefits, saying America can't afford the programs. The impending retirement of the baby boom generation, those born from 1946 to 1964, will swell the ranks of retirees. If unconstrained, the resulting growth in Social Security and Medicare costs could require tax hikes so large they would undermine the economy, he said. "We are overcommitted at this stage," Greenspan told the House Budget Committee. "We have been making commitments without focusing on our capability of meeting them." <<< The truth is they used the money for something else but they are not going to say that. But maybe China will help fund the Medicare plans with the purchase of more Treasury Bills, the US can't afford to. Nothing like a little debt between friends.

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