Greenspan: Budget Trend May Be 'Unsustainable'

Fed Chairman Alan Greenspan

Federal Reserve Chairman Alan Greenspan testifies before the Senate Budget Committee, April 21, 2005. Reuters hide caption

itoggle caption Reuters

Federal Reserve Board Chairman Alan Greenspan says a combination of the current deficit and the unpredictable aspects of health care entitlement programs could put future federal budgets on an "unsustainable path."

He says entitlement-program spending must be restrained and suggests that Social Security's finances may not be the biggest problem the government faces.

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