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  • Avoiding Disaster (Social Security)

    08/31/2004 4:19:42 AM PDT · by MikeJ75 · 35 replies · 2,395+ views
    Investor's Business Daily ^ | August 31, 2004
    Economy: Alan Greenspan used unusually blunt words to warn again last week that the U.S. is headed for a fiscal train wreck unless it fixes Social Security. Unfortunately, only one political party seems to be listening. Why is Greenspan sounding off? As Fed chief, he has broad responsibility for the health of the nation's banking system and economy. And as head of the National Commission on Social Security Reform from 1981 to 1983, he also has more credibility than most. He's alarmed because he understands the math. The over-65 population is growing fast. The average worker now pays 12.4% of...