State of the U.S. Economy
1997-03-05T02:15:35-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMGNmXC83OTMzNC1tLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19In his testimony, Chairman Greenspan said that the U.S. economy is favorable and that sustainable growth will probably continue with low inflation. He strongly supported the creation of a commission to set the size of the annual cost-of-living adjustments in Social Security, other federal benefits and income taxes. He said there is “almost a 100 percent probability that we are overcompensating the average Social Security recipient for increases in the cost of living.”
In his testimony, Chairman Greenspan said that the U.S. economy is favorable and that sustainable growth will probably continue with low inf… read more
In his testimony, Chairman Greenspan said that the U.S. economy is favorable and that sustainable growth will probably continue with low inflation. He strongly supported the creation of a commission to set the size of the annual cost-of-living adjustments in Social Security, other federal benefits and income taxes. He said there is “almost a 100 percent probability that we are overcompensating the average Social Security recipient for increases in the cost of living.” close
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