As a nation we owe it to our retirees to promise only the benefits that can be delivered.
More Quotes from Alan Greenspan:
A significant amount of consumption is driven by capital gains on some combination of both stocks and residences,Alan Greenspan
An increase in inflation doggedly forecast to follow the ever lower unemployment rate--now the lowest in three decades -- has not occurred,
Alan Greenspan
What is not clear is whether the market values that are being placed on particular assets involved in this technology revolution are appropriately priced.
Alan Greenspan
What it suggests is that, if you smooth through the noise in the data, we are getting increasing confirmation that something fundamentally important did happen in the latter half of the 1990s, and it gives us some confidence looking into the future,
Alan Greenspan
We think that coming up on a regular scheduled basis ... has been very productive, ... It requires us ... to have a structure of policy that is coherent to the Congress.
Alan Greenspan
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Alan Greenspan
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