[Celantro]

At or near retirement? What does THAT mean? Does it mean 40? 50? 61.5?

[pacpam]

Don't take what others write as truth. You have to listen to the actual person speaking.

[swampfox98]

While Greenspan urged urgency, Congress is unlikely to take up the controversial issue of cutting Social Security benefits in an election year.

I'd love to ask Congress who's going to have a job if immigrants keep flooding the country, and if corporations keep sending all the American jobs to third-world countries?

There is going to come a day of reckoning, but none of us will be around to see it. We will have lost our homes and income to the third world, and we'll be living out our last days in debtor's prison.

[neutrino]

those benefits should not be changed for people at or near retirement.”

Um-hmm. That means for those one year older than me, it won't be changed. For my age and younger, it will be "gotcha". That's the way it always works.

[StockAyatollah]

I don't think this will fly exactly as Greenspan proposed. This is just a trial ballon to get the American taxpayer sucker used to paying more and getting less from the socialist insecurity program. What will inevitably happen is "means testing". Benefits will be reduced according to some marxist scheme. For instance, if you draw a certain amount out of your 401K, your SS retirement benefit will be reduced. But the kicker is that this level will be indexed, just like the maximum amount of income that you have to pay FICA payroll taxes on has been indexed.

WAKE UP SHEEPLE. Voting republican will not help. Every pubbie from Eisenhower to Reagan to the Bushies have loved social security. It will take a minor revolution to dump this horrific ponzi scheme.

[hedgetrimmer]

Don't forget the white house plan to give social security to illegal aliens. This may have a lot to do with Alan Greenspan's remarks-- it will free up money for the illegals.