I agree with the Senator about the size and terrifying nature of what we are facing with retirement of the baby boomers. But I disagree with him about the connection between this budget and that kind of disaster. I feel even as we are running surpluses right now, the disaster that is facing us is exactly the same size regardless of where we are right now. My question to the Senator is when he references the Chairman of the Federal Reserve Board, with whom he and I both have had this discussion--we know how strongly Chairman Greenspan feels--is the Senator not aware Chairman Greenspan is of the opinion that the President's tax proposals did indeed help produce the recovery in which we now find ourselves, and indeed Chairman Greenspan has endorsed making the President's tax proposals permanent? Is the Senator aware of the fact Chairman Greenspan, even as he warns about the same things the Senator and I agree upon in terms of the problems of the future, says in the present context making the President's tax proposition permanent is a good idea?
Bill Bennett: “I agree with the Senator about the size and terrifying nature of what we are facing with retirement of the baby boomers.…”
Editor's note · Context
Discussing the implications of tax proposals and retirement issues during a Senate debate.
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