Congressman Bernie Sanders has asked President Bush to remove Federal Reserve Chairman Alan Greenspan.
In Congressional testimony, Greenspan called for a cut in Social Security benefits for future retirees as a way to deal with the nation’s deficit. Sanders claims that Greenspan’s proposal would devastate millions of Americans who depend on Social Security in order to pay for what he said were President Bush’s tax breaks for the wealthy.
Sanders is a member of the Financial Institutions and Consumer Credit subcommittee and has offered legislation that would counter Greenspan’s proposal.