"Benefits promised to a burgeoning retirement age population under mandatory entitlement programs, most notably Social Security and Medicare, threaten to strain the resources of the working age population in the years ahead," he said today. "Real progress on these issues will unavoidably entail many difficult choices. But the demographics are inexorable, and call for action before the leading edge of baby boom retirement becomes evident in 2008."
February 16, 2005
Greenspan Urges Fiscal Discipline (washingtonpost.com)
Greenspan is absolutely right (He agrees with me . See previous posts.). When will Congress take their responsibility seriously to control spending. These entitlement programs are unsustainable in present form.
"Benefits promised to a burgeoning retirement age population under mandatory entitlement programs, most notably Social Security and Medicare, threaten to strain the resources of the working age population in the years ahead," he said today. "Real progress on these issues will unavoidably entail many difficult choices. But the demographics are inexorable, and call for action before the leading edge of baby boom retirement becomes evident in 2008."
"Benefits promised to a burgeoning retirement age population under mandatory entitlement programs, most notably Social Security and Medicare, threaten to strain the resources of the working age population in the years ahead," he said today. "Real progress on these issues will unavoidably entail many difficult choices. But the demographics are inexorable, and call for action before the leading edge of baby boom retirement becomes evident in 2008."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment