{"id":1303,"date":"2004-08-28T11:35:18","date_gmt":"2004-08-28T18:35:18","guid":{"rendered":"http:\/\/www.edgewiseblog.com\/mjh\/uncategorized\/greenspan-needs-to-retire\/"},"modified":"2004-08-28T11:35:18","modified_gmt":"2004-08-28T18:35:18","slug":"greenspan-needs-to-retire","status":"publish","type":"post","link":"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/greenspan-needs-to-retire\/","title":{"rendered":"Greenspan Needs To Retire"},"content":{"rendered":"<p><a title=\"The Morning Journal\" href=\"http:\/\/www.morningjournal.com\/site\/news.cfm?newsid=12802023&amp;BRD=1699&amp;PAG=461&amp;dept_id=46371&amp;rfi=6\"> Benefits need to be cut, Greenspan says<\/a> By MARTIN CRUTSINGER , AP Economics Writer<\/p>\n<p>Federal Reserve Chairman Alan Greenspan said yesterday the country will face &#8221;abrupt and painful&#8221; choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation. He said the government has promised more than it can deliver.<\/p>\n<p>Returning to a politically explosive issue just before the Republican National Convention, Greenspan said the country must face up to &#8221;some tough policy choices.&#8221;<\/p>\n<p>Government resources even under the most optimistic economic assumptions on growth and productivity will be inadequate to provide baby boomers with the level of benefits their parents got, he said.<\/p>\n<blockquote><p>Starve the beast &#8212; that&#8217;s the fundamental philosophy of the Radical Right. They say we need to cut benefits <em>people have been paying for for years<\/em> because the resources aren&#8217;t there. Would that be the resources that were poured into the pockets of the Rich or dumped in the sewer of Iraq? These people think you are incredibly stupid. mjh<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Benefits need to be cut, Greenspan says By MARTIN CRUTSINGER , AP Economics Writer Federal Reserve Chairman Alan Greenspan said yesterday the country will face &#8221;abrupt and painful&#8221; choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation. He said the government has promised more than it can &hellip; <a href=\"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/greenspan-needs-to-retire\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Greenspan Needs To Retire<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1303","post","type-post","status-publish","format-standard","hentry","category-dump-duhbya"],"_links":{"self":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/1303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/comments?post=1303"}],"version-history":[{"count":0,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/1303\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/media?parent=1303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/categories?post=1303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/tags?post=1303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}