Wednesday, March 16, 2005


Social Security: Problems sooner than you think

The proprietor over at El Cid has taken note of some elements of Alan Greenspan’s congressional testimony regarding Social Security that others may have missed…or, in the case of the MSM, decided to ignore. According to Greenspan, Social Security may very well become a major economic headache in THREE YEARS, not in 2040. Greenspan is concerned that the looming Social Security collapse will begin to be felt in the form of escalating interest rates sooner than expected. Unlike the government bean counters, playing games with estimates and IOU’s, Greenspan is looking at real cash money.

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