Saturday, November 17, 2012

Guarantee

"We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power."

--Alan Greenspan (1926- )
Chairman of the Federal Reserve Board of Governors (1987-2006)
Source: appearing before the Senate Banking Committee on February 15, 2005, in response to Democratic Senator Jack Reed of Rhode Island on the topic of funding Social Security.

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