28 Feb 2004 Greenspan’s Warned Us Before on Social Security

Alan Greenspan’s warnings on Social Security aren’t new.

Here’s part of what Greenspan said in 1996:

We owe it to those who will retire after the turn of the century to be given sufficient advance notice to make what alterations in retirement planning may be required. The longer we wait to make what are surely inevitable adjustments, the more difficult they will become. If we procrastinate too long, the adjustments could be truly wrenching. Our citizens deserve better.