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NEW YORK (CNN/Money) - Fed Chairman Alan Greenspan warned Congress Wednesday to move quickly to fix the nation's swollen budget deficit -- including measures that could cut some future Social Security payments -- to avoid even bigger problems for the nation's economy down the road...
...Greenspan said that, if the demographic shift is permanent -- and rising longevity makes that a realistic prediction -- then "significant structural adjustments" to Social Security and Medicare would be needed, particularly since Medicare benefits could skyrocket as medical technology advances
http://money.cnn.com/2004/02/25/news/economy/greenspan/index.htm?cnn=yes