[JennysCool]

Brilliant as ever! You're on a roll!

[potlatch]

cute cartoon, that pose indicates he is infested with the My Doom Worm!!

[BJungNan]

Very good. Bttt

[Cold Heat]

LOL! Just what I was thinking when I heard his testimony!

[Paul C. Jesup]

Alan Greenspan is not the bravest person in the world by far. But for him to openly state the SS will need to be reformed and/or have cuts is proof that things are far worse in this country than what most people think.

[Caipirabob]

I tell people at work that I'm read FR every day, both for the politcal commentary but more for the hilarious and talented posts that I always find. Here's yet another - Thanks.

Now time to go clean my monitor...

[MurryMom]

Unfortunately Greenspan is correct this time. Bush's tax cuts will eliminate the SS trust fund by about 2012 or so.

Even a blind pig finds an acorn once in a while.

[atomicpossum]

I do not like Greenspan-I-Am,
I do not like him to explain.
I do not like him very plain.
I do not like him on him on C-Span,
I do not like this man Greenspan.

[William McKinley]

Awesome.

[LibKill]

OMG! WE'RE ALL GOING TO DIE!!!!

Wait a minute, oh, I guess none of us were ever going to live forever. Never mind.....

[SunkenCiv]

The cartoon is foolish. In addition, Alan Greenspan has been a great Fed chief, probably the best ever. He basically blackmailed Congress into reducing its deficit by refusing to lower rates.

He's kept rates unnaturally low to counteract the effect of inflated oil prices, but that has led to a slowing in the growth of available capital, and contributed to the economic slowdown. The slowdown itself was engineered by OPEC, however.

It's not all bad though. Slowing the growth of capital has all but eliminated those huge, produce-nothing buyouts. It's also juiced the skids for companies who simulated growth through buyouts and consolidation -- companies with familiar names like Enron.

Social Security has always been nothing but a ponzi scheme in which the current "investors" contribute (in this case, at the point of a gun) the money needed to pay off those who formerly contributed at the point of a gun. It was created at a time when there was no retirement benefit for most people, even unionized labor.

There's often talk about delaying the age at which people can collect Social Security. THAT'S ALREADY ON THE BOOKS. Anyone born after 1937 has already been affected, unless they're retiring early due to disability.

[OESY]

Greenspan's war against the "wealth effect," including his (and Clinton appointee Larry Meyer's) 50 basis point interest rate hike in May 2000, two months after the NASDAQ crashed, led to the vaporization of $4 trillion in market capitalization and the loss of millions of jobs now blamed on Bush. In other words, Greenspan had a major role in bursting the Clinton bubble and helping to create the Social Security gloom & doom about which he now disingenuously sputters.