My Way News

My Way News: "But he cautioned that 'closing the gap solely with rising tax rates would be problematic' because the high level of taxation that would be required could by itself 'severely inhibit economic growth.'
Because 'benefit cuts will almost surely be at least part of the solution,' Greenspan said it is imperative for Congress to let future retirees know as soon as possible that all currently promised benefits won't be forthcoming when they retire."

Bullshit to the max. Reducing benefits sucks muddy rocks.