Amazing how some people think here ... mainly when you know in which business they operate ...
Meanwhile, this great economy of this country will not honour its promises...:
Quote:
JACKSON, Wyo. ? Federal Reserve Chairman Alan Greenspan said Friday that the country will face "abrupt and painful" choices if Congress does not move quickly to trim the Social Security and Medicare benefits that have been promised to the baby boom generation.
Returning to a politically explosive issue he has addressed a number of times this year, Greenspan said it is wrong for government to hold out the promise of more retirement benefits than it is capable of providing.
He said this issue is particularly critical given the impending retirement of 77 million baby boomers born 1946 through '64.
"As a nation, we owe it to our retirees to promise only the benefits that can be delivered," Greenspan said in opening remarks to a two-day conference sponsored by the Federal Reserve Bank of Kansas City on the challenges posed by aging populations.
"If we have promised more than our economy has the ability to deliver, as I fear we may have, we must recalibrate our public programs so that pending retirees have time to adjust through other channels," Greenspan said. "If we delay, the adjustments could be abrupt and painful."
Greenspan, as he has done previously, suggested that possible changes would be raising the retirement age for full Social Security benefits, which already is gradually increasing from 65 to 67.
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Will just add to the " poorer " ....
BTW, I am an US corporation. I pay taxes and didn't get any break... even tough I am not ( in the US ) in the upper class...
So the typical phrase
Quote:
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those who don't pay taxes don't get tax breaks
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is nice sounding but not accurate... Middle class pays most of the taxes in the US.
