Greenspan's Warnings Are Unpopular, but Accurate ; the Cost of Social Security Will Overwhelm the Federal Budget.

Summary


Nobody likes bad news, particularly when it means that politicians will have to make politically undesirable decisions.

When Federal Reserve Chairman Alan Greenspan warned Congress that the government can't afford to pay all of the Social Security benefits it has promised, the nation's leaders balked.

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Extract


Greenspan's Warnings Are Unpopular, but Accurate ; the Cost of Social Security Will Overwhelm the Federal Budget.

Democratic presidential candidates - as well as Presi...

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