...arguing that delaying will only make the country's budgetary problems more severe. He repeated a warning he first made a year ago, saying he believed the government had promised more than it could deliver to the 78 million baby boomers now approaching retirement and saying that cuts in benefits would have to be considered.
Greenspan also told the House Budget Committee there's "very little evidence" foreign central banks are dumping the dollar, saying the recent changes in those banks' currency portfolios are mostly "technical moves backwards and forwards."
He said foreign investors continue to regard U.S. assets as "world class."
I'd call this a fairly solid "green" sign! :)
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