"The resolution of our current account deficit and household debt burdens does not strike me as overly worrisome, but that is certainly not the case for our fiscal deficit, which, according to the Congressional Budget Office, will rise significantly as the baby boomers start to retire in 2008. Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces that stabilize other imbalances."
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Businesspeople from the United StatesEssayists from the United StatesMathematicians from the United StatesLibertarians from the United StatesEconomists from the United States
Original Language: English
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March 10, 2005 .
https://en.wikiquote.org/wiki/Alan_Greenspan
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Alan Greenspan
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