Long-Term Fiscal Outlook
Mr. Greenspan testified on a number of issues including the stock market and the federal budget surplus. He said that the steep rise in the … read more
Mr. Greenspan testified on a number of issues including the stock market and the federal budget surplus. He said that the steep rise in the price of Internet stocks was “fundamentally potentially sound” because more people were buying products via the Internet. He also said that lawmakers should not rely on shaky forecasts of future budget surpluses to save Social Security. close
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