"WASHINGTON - Federal Reserve Chairman Alan Greenspan told lawmakers yesterday that large government deficits threaten the U.S. economy and called on Congress to return to the budget discipline of the 1990s. ( 1990's - weren't those the Clinton years?) Controlling government spending is an especially urgent matter, Greenspan told the Senate Budget Committee, because about 76 million baby boomers - Americans born between 1946 and 1964 - will begin leaving the work force soon. Then there won't be enough tax revenue coming in for the federal government to meet retirement and health care promises to boomers."
Boy, you have to admire how Alan can scramble from one position to the next!
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