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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (219368)2/16/2005 11:48:15 AM
From: RetiredNow  Read Replies (1) of 1575408
 
Greenspan endorses private accounts for social security. Looks like the liberals on the thread are on the wrong side of the issue...yet again.

money.cnn.com

He said it was "imperative to restore fiscal discipline" in the United States to help narrow the huge trade deficit, and that the country had to act before 2008 to prepare Social Security for a coming wave of retiring "baby boomers," endorsing the idea of private accounts advanced by the Bush administration.

"If you're going to move to private accounts, which I approve of, have to do it in a cautious, gradual way," he said.
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