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Greenspan urges Social Security cuts to curb deficits
In testimony to the House Budget Committee Greenspan warned deficits from entitlements could force higher interest rates. He favored trimming Social Security via inflation measure changes and delaying full benefits age. The remarks drew sharp political pushback from Kerry Edwards Kucinich while Bush aides sought to distance from the proposals.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Congress
Bush
Greenspan
Central Bank
House
John Kerry
John Edwards
D-N.c
Dennis Kucinich
Ohio
Fed
Clay Shaw
Ways and Means
Shaw
William D. Novelli
AARP
Alliance For Worker Retirement Security
Social Security
Derrick Max