- Greenspan: 'Unser Rentensystem ist zu generös.' - kingsolomon, 27.08.2004, 17:19
Greenspan: 'Unser Rentensystem ist zu generös.'
-->nicht zu finanzieren, wenn die Baby Boomer aufhören zu arbeiten.
Greenspan Says U.S. Must Adjust Benefit Programs or Risk 'Painful' Changes
Aug. 27 (Bloomberg) -- Retirement benefits under Social Security and Medicare may be more generous than the U.S. economy can fund, and changes must be made before the baby boom generation retires, Federal Reserve Chairman Alan Greenspan said.
''If we have promised more than our economy has the ability to deliver to retirees without unduly diminishing real income gains of workers, as I fear we may have, we must recalibrate our public programs so that pending retirees have time to adjust through other channels,'' Greenspan said in the text of remarks to a central bank conference in Jackson Hole, Wyoming. ''If we delay, the adjustments could be abrupt and painful.''
Greenspan, who was president of National Commission on Social Security Reform from 1981 to 1983, has made the retirement of the baby boom generation a cornerstone of his persistent calls for Congress to improve budget planning.
Social Security tax receipts, equal to 12.4 percent of a worker's salary, won't cover the entire cost of outlays starting in 2018, according to the Social Security Trustees' 2004 report. Members of the baby boom generation, those born between 1946 and 1964, will begin retiring in the next decade.
Social Security is a political issue in the U.S. during this presidential election year. In his acceptance speech at the Democratic National Convention in Boston July 29, John Kerry suggested he would consider tax increases to close the funding gap. ''As president, I will not privatize Social Security. I will not cut benefits,'' he said.
President George W. Bush said in Las Cruces, New Mexico yesterday that younger workers should be ''concerned'' about the fiscal stability of Social Security, and again pitched privatization. ''I believe younger workers ought to be able to own a personal retirement account they call their own, so they can pass it on from one generation to the next.''

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