On Fri, 27 Feb 2004 16:48:59 -0500, Jim wrote:

Greenspan, Bush and Social Security: Robin Hoods in reverse
Alan Greenspan made everyone sit up and take notice yesterday by
declaring that, since he thinks raising taxes is a bad idea, the only
way to deal with the ballooning deficits the nation faces as the baby
boomers retire is to cut Social Security benefits.

Much snipped.

Greenspan did not declare that we must cut Social Security benefits.
He did not say the tax cut was a bad idea.

From the Washington Post:

"Federal Reserve Chairman Alan Greenspan warned Congress yesterday
that the federal government has promised more retirement benefits than
it can pay for and must consider scaling back those commitments soon
to avoid damaging the economy in the future. "

Note the words, 'must consider'.


"Greenspan, who supported President Bush's 2001 tax cuts, again
endorsed Bush's proposal to make the cuts permanent."

Note the word 'supported'.

"Democrats quickly seized on Greenspan's comments as a weapon in
blaming Bush for worsening the deficit and endangering Social
Security."

As did Jim.

"Republicans welcomed Greenspan's other remarks, which credited the
Bush tax cuts for helping the economic recovery."

Which they have.

"Yesterday, Greenspan again endorsed extending the tax cuts, pleasing
Republicans."

This kinda makes your whole post kinda suspect, Jim!




John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!