Fed Chief Sends Warning on Budget
Federal Reserve Chairman Ben Bernanke
Federal Reserve Chief, Ben Bernanke, warns on budget
Federal Reserve chief, Ben Bernanke warned today 1-18-07 that Congress is overdue on dealing with projected Medicare and Social Security deficits. He said that Social Security and Medicare costs will grow from 8.5% of the economy by 2015 and 30 percent by 2030 and will create a drag on economic growth.
http://www.nytimes.com/2007/01/18/business/18cnd-bernanke.html?hp&ex=1169182800&en=7eaff4e789ff9e99&ei=5094&partner=homepage New York Times breaking news 1-18-06 article by Steven R. Weisman
More by this Author
Bottom 98% readers of Rupert Murdoch's WSJ Magazine who aspire to reaching the top one percent can learn all they need to know about how to dress for a formal occasion, a visit to the country, a picnic, fishing on a...
The best approach to improving motor vehicle fuel economy may be to apply a ehicle weight tax. This tax could be tapered in over a 5 to 10 year period with the effect of roughly equalizing the fuel cost per mile in the...
Staph Infections Patients who have sores that will not heal or that are filled with pus should see a doctor and ask to be tested for staph infection. They should not squeeze the sore or try to drain it--that can spread...
No comments yet.