Greenspan takes another swipe at Medicare
He can't leave bad enough alone. After laying waste to America's economy for 18 years, he has the nerve to take another swipe at what's left of our social safety net, but this time from the stands.
Speaking before the Bond Market Association, Alan Greenspan on Thursday said he is concerned about the increasing costs of Medicare, the Wall Street Journal reports. In his first public appearance since retiring as chair of the Federal Reserve in January, Greenspan said Medicare spending is unsustainable and eventually could cause the federal debt to increase and interest rates to significantly increase.He's right. Medicare is unsustainable, but not for the reasons he professes. Take away the inexcusable monopolies of healthcare insurers and pharmaceutical leaches and problem solved.
Moreover, the only thing that 'causes' interest rates to increase is pure, unmitigated greed.