Edwards...Republicans don't know how the other half live

[surfermaw]

Greenspan Supports Cuts To Social Security Benefits


WASHINGTON -- Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to deal with the country's escalating budget deficit by cutting benefits for future Social Security retirees rather than raising taxes.

In testimony before the House Budget Committee, Mr. Greenspan said the current deficit situation, with a projected record red ink of $521 billion this year, will worsen dramatically once the baby-boom generation starts becoming eligible for Social Security benefits in just four years.

Mr. Greenspan said that the benefits now received by current retirees should not be touched but he suggested trimming benefits for future retirees and doing it soon enough so that they could begin making adjustments to their own finances to better prepare for retirement.

Copyright © 2004 Associated Press

Updated February 25, 2004 10:21 a.m.

http://online.wsj.com/article/0,,SB107772158288038844,00.html?mod=home...

[curlyred]

1. thanks, Al!

screw the middle class instead of raising taxes on the rich. You're a real peach!

[Kolesar]

2. Dirty republicans got what they wanted

there is a projected 25% shortfall in revenues (vs. benefits going out) at the peak of the baby boomer retirements. Basically, we are going to have to accept a 25% benefit cut.

[surfermaw]

3. No you don't

Get the republicans out of office, senate, congress and the presidency, we need to have Dean, Clark, Edwards, Kerry, Dennis K, and Sharpton, and lets don't forget Gep. fighting untill November, every one of them is going to have to get out the vote..if any one of them is going to win...grass roots, the poor the people Edwards says are below the poverty line...they are the stay at home and want vote..we have to get to them.

[Adam D]

4. and replace them with what?

and replace them with what?