Saturday, September 22, 2007

What should we be worried about most right now in terms of the economy? -- Greenspan

--Politics. We have a dysfunctional political system in the sense that there are very serious prloblems out there, most importantly Medicare. --When baby boom retires, we are going to have to either raise taxes very sharply or cut social benefits by half. Yet, no politician wants to confront this.

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