2006-05-21

Greenspan urgently needs to be informed!!!



"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country... Corporations have been enthroned, an era of corruption in high places will follow, and the money-power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed." ABRAHAM LINCOLN, November 12, 1864
:: Cost of America's War in Iraq $282,162,258,927
May 20, 2006 -- Former Federal Reserve boss Alan Greenspan yesterday labeled Medicare as the largest looming problem facing the U.S. and said it was "very dangerous" to the nation's economic health. [WOW! It's not his privately owned Federal Reserve and the war criminal G. W. Bush and his stupid wars in Irak, Iran and Afganistan that will consume the American nation's economy, but, Medicare!- tj] Speaking at a gathering of real estate executives at Cipriani's Wall Street venue, the venerable banker knocked oil estimates and declared the housing boom "over."

He also warned some hedge funds will go belly up and declared immigrants with Ph.D.s in science or math should automatically get green cards. He also said the biggest problems facing the U.S. were "political," advising that Medicare costs by 2025 would cause an "unstable equilibrium" of debt, interest rates and deficits. The former Fed chairman called Medicare a "highly unstable situation" and a "very dangerous" one, filled with costs that would put the U.S. in "very serious state." ... +++

Read this: >>>Washington Report on the Middle East