Greenspan: Cut Social Security Story aired: Thursday, February 26, 2004
Republicans and Democrats don't agree on much these days, but some members of both parties say they're outraged by Federal Reserve Chairman Alan Greenspan's remark that Congress should rein in the federal deficit by adding new taxes and reducing spending for federal programs, including Social Security.
While Greenspan supports the Bush administration tax cuts as a means of jump-starting the economy, he says the lost revenue must be made up by other means.
Laurence Kotlikoff is a professor of economics at Boston University. He joins us to discuss Greenspan's remarks and the future of Social Security.
Guests:
Laurence Kotlikoff, professor of economics at Boston University.
