" there could be severe consequences for the US economy if policy-makers do not attack a federal budget deficit that is projected to soar with baby-boomer retirements.
In that taped speech to a conference in Philadelphia, Greenspan said that Congress would probably have to make "significant adjustments" in reducing benefits for future
retirees.
US finances to be strained by 78 million retiring baby boomers
He said it appears that the country has promised more than it can afford to deliver in social security and especially Medicare payments, given that health care costs have been rising rapidly."
A calculated program to continue the robbery. Interesting how, without discussion of where these huge deficits come from, they are associated with the cost of future retirement benefits and fixable by cutting back those benefits. Never mind the war, never mind the corporate welfare, never mind the tax cuts for the rich.
The gall of these people!
Joanna
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