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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (612227)8/27/2004 5:46:08 PM
From: puborectalis  Read Replies (1) | Respond to of 769670
 
Federal Reserve Chairman Alan Greenspan said Friday the country will face "abrupt and painful" choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation. He said the government has promised more than it can deliver.



Returning to a politically explosive issue just before the Republican National Convention, Greenspan said the country must face up to "some tough policy choices."

Government resources even under the most optimistic economic assumptions on growth and productivity will be inadequate to provide baby boomers with the level of benefits their parents got, he said.



To: sea_biscuit who wrote (612227)8/27/2004 6:05:06 PM
From: BlackDog777  Read Replies (1) | Respond to of 769670
 
Social Security is the biggest Ponzi scam in the history of the world. I don't care who the president is, it could be God and it wouldn't matter...all Ponzi scams have to end when you run out of suckers to pay into it. All those baby-boomers who paid for those early SS recipients to live high on the hog are going to get burned. Most of you jackasses that spend your whole damn day posting on here wouldn't know what FICA taxes are because you couldn't possibly have time for a job.