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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (3607)	3/4/1999 9:21:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Fed chief: Cut debt, help Social Security - WASHINGTON - Federal Reserve Chairman Alan Greenspan says using projected federal budget surpluses to shore up the Social Security trust fund is a good idea, but having the government invest some of the surpluses in stocks isn't. The Fed chief told a House subcommittee Wednesday that proposed government investment in stocks wouldn't produce the returns expected and would be subject to political influence. His remarks echoed those he made in other recent appearances before Congress. Greenspan favors using the budget surplus to pay down debt or to pay for reforms to the Social Security program, either of which could increase total savings by government and individuals. Debt payment a key, Fed chief says (details): usatoday.com