Postby dreams » Mon Mar 01, 2004 9:25 am
"Soon, the surpluses in Medicare and Social Security will start to shrink. Then, they will vanish ? unless benefit cuts are made or higher taxes imposed. The longer we wait to have the surgery done, the more painful and politically lethal it will be.
And as the surpluses in the trust funds disappear, the enormity of the fiscal deficit they have masked will be exposed. Then we shall no longer see as through a glass darkly the criminal indifference of this generation of Americans toward its children."
Patrick J. Buchannan, Greenspan's grim diagnosis. 3-1-2004