Thursday, 5 October 2006
Baby Boomers Will Strain U.S.
Posted on 20:23 by Unknown
Quotes from the chairman of the federal reserve:"Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers will place major strains on the nation's budget and the economy""As the population ages, the nation will have to choose among higher taxes, less non-entitlement spending by the government, a reduction in spending on entitlement programs, a sharply higher
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