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Saturday, August 28, 2004

Kerry a Politician; Greenspan, Not So Much
Obviously Alan Greenspan is not facing an election soon, as once again he advocates cutting Social Security benefits. John Kerry swoops in to try and spin this for his political benfit.

Democrat John Kerry's presidential campaign said Friday that Federal Reserve Chairman Alan Greenspan's warning of a looming crisis for Social Security and Medicare should be a wake-up call that President Bush's economic policies have failed. Kerry spokeswoman Allison Dobson said Bush has driven up deficits that have put Social Security in danger.

However, this is a rather odd twisting of events since "[Greenspan] urged Congress to quickly trim Social Security and Medicare benefits for the baby boom generation.
Kerry has rejected the idea of cutting benefits."

This AP article actually makes Kerry's nonsense even more explicit. Kerry, Greenspan Differ on Social Security.

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