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Greenspan: Budget Trend May Be 'Unsustainable'

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Greenspan: Budget Trend May Be 'Unsustainable'

Greenspan: Budget Trend May Be 'Unsustainable'

Greenspan: Budget Trend May Be 'Unsustainable'

  • Download
  • <iframe src="https://www.npr.org/player/embed/4615159/4615160" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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

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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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