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Alan Greenspan Quotes

«As a nation we owe it to our retirees to promise only the benefits that can be delivered.»
«dramatic demographic change is certain to place enormous demands on our nation's resources.»
«I cannot say we have made comments we can essentially deliver.»
«It seems persuasive that, given the size of the U.S. current account deficit, a diminished appetite for adding to dollar balances must occur at some point,»
«desirous of losing money.»
«This situation suggests that international investors will eventually adjust their accumulation of dollar assets or, alternatively, seek higher dollar returns to offset concentration risk, elevating the cost of financing of the U.S. current account deficit and rendering it increasingly less tenable,»
«Because the pay-as-you-go system will be very difficult to manage, we need an alternative,»
«We have to do it in a cautious, gradual way. ... (We) should go slowly and test the waters.»
«It is risky, ... It's risky doing nothing. It's risky doing any other solution. ... I know no way to resolve this without risk.»
«All I would say is that when you're getting out that far, there will be lots of adjustments,»

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