Greenspan says tax increases probably needed in addition to benefit cuts to help Social Security

SFGate.com ^ | 3/11/04 | Martin Crutsinger - AP

[NormsRevenge]

Federal Reserve Chairman Alan Greenspan said Thursday that tax increases probably will be needed in combination with benefit cuts to close the massive funding gap faced by Social Security.

For the good of the economy, he said, Congress needs to get most of the savings by trimming benefits.

[EEDUDE]

" and find out that they were betrayed by government"

Just give me back what I've paid in over the years and I'd be happy.

You just can't trust politicians with your money.

[Frohickey]

Just give me back what I've paid in over the years and I'd be happy.

For me, stop taking any more from me, and I'd be happy. Heck, I'll even let them keep what they have taken already.

[FITZ]

I'd be shocked if I get back just what I paid in ---even with no interest but I think it's time we admit the money isn't there, it's not right to rob others so you can have their money --- even though we ourselves have been robbed.

[TheBattman]

OK - Greenspan must be treated and treated NOW for Schizophrenia - one week he praises tax cuts, the next he insists that taxes must be raised....

Either that or he has been infected with the John F*ing Kerry virus.....

[ARCADIA]

it's not right to rob others so you can have their money

Robbery is sort of a strong term. The US has a contract, they have been paid, and they are liable for damages. Perhaps, its time to readjust those tax brackets, to move them out to $100M+ per year incomes, instead of lumping half the population under a $100K tax rate.