Your browser does not seem to support CSS. If images appear below, please disregard them.
toggle
February
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29
Sponsored Links
Latest Postings
Topic Options
Rate This Topic
#37394 - 02/26/04 09:39 AM Greenspan Tells Congress to Cut Social Security
Joined: Dec 2002
Posts: 3,255
§intå× Offline
§intå× Offline



Joined: Dec 2002
Posts: 3,255
Maryland
Federal Reserve Chairman Alan Greenspan told the House Budget Committee that the retirement age for Social Security should be raised and future cost of living increases should be put on hold. The focus of his advice was on deficit reduction.
Source
Greenspan said: “The degree of uncertainty about whether future resources will be adequate to meet our current statutory obligations to the coming generations of retirees is daunting." Stats show that there is not enough money for future generations.

Democratic candidates for President have criticized Greenspan for his comments. Kerry says "the wrong way to cut the deficit is to cut Social Security benefits." Edwards says Greenspan shouldn't favor extending tax cuts and cut retirement benefits.


My New site OpenEyes
Top
Sponsored Links
#37395 - 02/26/04 12:04 PM Re: Greenspan Tells Congress to Cut Social Security
Joined: Oct 2003
Posts: 209
Red Mage Offline
Member
Red Mage Offline
Member

Joined: Oct 2003
Posts: 209
here.
hah.. cost of living increases.. My dad works for the government, and the "cost of living" increase is less than his new taxes


Those who say do not know.
Those who know do not say.
Top

Member Spotlight
Gremelin

Gremelin
Portland, OR; USA
Posts: 7,194
Joined: February 2002
Show All Member Profiles 
Forum Statistics
Forums46
Topics43,996
Posts79,170
Members2,157
Most Online1,567
Apr 25th, 2010
Top Posters(All Time)
UGN Security 37,159
Gremelin 7,194
SilentRage 1,273
Ice 1,146
pergesu 1,136
Infinite 1,041
jonconley 955
Girlie 908
unreal 860
Newest Members
Herbert_Sherbert, codemauve, Lillysdragon1984, Brewwit, boa
2157 Registered Users
Who's Online Now
0 registered members (), 1 guest and 1 spider.
Latest News