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Greenspan warns on Social Security and Medicare for boomers
Federal Reserve Chairman Alan Greenspan warned Congress must trim Social Security and Medicare benefits for the baby boom generation or face abrupt painful adjustments. Speaking at a Kansas City Fed conference, he urged recalibrating public programs to ensure promised benefits can be delivered as baby boomers begin retiring. He proposed raising the retirement age and trimming cost-of-living adjustments, noting entitlement programs loom as major economic challenges.
MENTIONED IN THIS ARTICLE
Jackson
Wyo
Federal Reserve
Alan Greenspan
Congress
Greenspan
Kansas City Federal Reserve
U.S
Bush
Fed
John Kerry
Kerry
Allison Dobson