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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (219331)	2/16/2005 11:42:05 AM
From: RetiredNow	Read Replies (1) of 1575119

Social Security funding hard under pay-go-Greenspan Wed Feb 16, 2005 11:13 AM ET WASHINGTON, Feb 16 (Reuters) - U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday that he has always supported fully funding Security Security, but that was difficult under current financing rules. "We've had in recent years some slowing down in population growth, but a remarkable increase in life expectancy after age 65. That's created a very major problem for (the) pay-as-you-go system," he told the Senate Banking Committee. yahoo.reuters.com

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