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Greeenspan On Meet The Press: We're Cancelling Entitlement Programs That Never Existed

Video - Alan Greenspan - April 17, 2011

"As I watch what’s going on, we have to remember that over the next 10 years, we’re going to find that the baby boom generation – highly skilled, highly educated – is going to fade from the scene,” Greenspan said. “It’s going to be replaced by a generation who are now in school and creating grades which don’t make us look very good in the international spectrum."

"This means we are probably dealing with an economy which isn’t growing fast enough or creating much real resources to fund the entitlement programs that we have already made,” Greenspan continued. “I consider the issue of cutting back spending as essentially which is something which is new. I don’t think we could afford it in the first place. So we’re merely canceling something which didn’t exist."


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Reader Comments (8)

Interpretation: News flash from the elites----SUCKERS!
Apr 18, 2011 at 10:17 AM | Unregistered CommenterPanamabob
Another MYTH

Innovation and education won't save our economy
The truth that China's dictatorship and America's multinational corporations don't want you to know


GREEDspan was nothing more then a globalist shill he didn't believe in liberty anymore then obama or the rest of those crooks in government with their UNfair trade agreements, cronyism for the rich welfare for the poor's votes and a screwing for the middle class who paid for it, the goal was to take America down to third world status they are almost done ruining our country..


Apr 18, 2011 at 10:29 AM | Unregistered CommenterLiberatedCitizen
Isn't it interesting from the mouth of one of the people who created this economic disaster. The arrogance of these banksters are unbelievable. He is right, the Baby Boomers created a productive and profitable world, which by the way gave him and the rest of these criminals, the capital to become successful and powerful and now they pay us back with stealing the wealth of most of the nation. Then saying the "Entitlements" is a non-issue because he didn't think it is something we can afford anyway.
Well, Social Security and Medicare aren't entitlements, we paid for them our entire working life. It is the government and these low lives that stole it from the American people. But as Gerbils the Nazi propaganda minister said, "If you tell a lie long enough, it becomes the truth."
I see little difference between the Nazis and these so called economic elite, they are all and where a bunch of power hungry bastards whose power comes from the raping of the citizens. And we didn't even get a kiss.
Apr 18, 2011 at 11:56 AM | Unregistered CommenterDouble G
Why would anybody with half a brain be listening to this old fool. If you read the book about him, he was always 10 steps behind curve.
Now, he is calling wolf, where was the old goat when the mortage bubble was taking place.There were people trying to tell him that a bubble was forming back in 2004. Allen Greenspan and the bubble machine maker. If you believe the Markets are rational, then i would love to sell you beach front land in utah. Hey Allen, you are the only money changer wolf I see. What a Hag.
Apr 18, 2011 at 3:51 PM | Unregistered Commenterlaura
"We're Cancelling Entitlement Programs That Never Existed"

To bad somebody didn't cancel his ass before his position and his corrupt organization helped the elite minority steal the wealth of our nation including the Social Security Trust Fund.
Apr 18, 2011 at 7:20 PM | Unregistered CommenterSagebrush
@ Double G

It's spelled Goebbels

Apr 18, 2011 at 10:02 PM | Unregistered Commentermohawk
@ my previous post

delete the point at the end for the link to work properly, like so


Apr 18, 2011 at 10:11 PM | Unregistered Commentermohawk
Just one more thing to piss off the American People................Obama spending more of our childrens money they dont have....You will know where to put this one DB...!

U.S. Gov't Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia

(CNSNews.com) - The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery--in Cartagena, Colombia.

The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.
Apr 19, 2011 at 2:34 PM | Unregistered CommenterTexas Dar

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