Greenspan Will Have Ears of All Parties in Social Security Debate

[papau]

http://www.latimes.com/business/la-na-greenspan15feb15,1,3231110,print.story?coll=la-headlines-business
Greenspan Will Have Ears of All Parties in Social Security Debate
By Warren Vieth
Times Staff Writer

February 15, 2005

WASHINGTON — Among the targets of President Bush's campaign to promote Social Security restructuring is a potentially critical constituency of one: Federal Reserve Chairman Alan Greenspan.

White House officials have met with Greenspan in recent weeks to discuss their restructuring initiative. Some advisors say his seal of approval would reassure lawmakers concerned about the borrowing needed to finance Bush's plan to let younger workers create personal investment accounts.

"The White House feels it is imperative that whatever plan they come out with has Alan Greenspan's endorsement," said one prominent Republican who is close to the current policy debate. "They're nervous that Wall Street will rebel against the proposal unless they have Greenspan's blessing."

Some lawmakers hope that Greenspan will tip his hand when he testifies before the Senate Banking, Housing and Urban Affairs Committee on Wednesday and the House Financial Services Committee on Thursday. Although the official purpose of his appearance before each committee is to discuss monetary policy, several members have said they intend to question him about Social Security.
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[bunkerbuster1]

1. Yep, pull Alan away from his shrine to Ayn Rand...

and get him a-whorin'!