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HISTORY & DOCUMENTATION | |||||||
THE CRISIS OF THE EARLY EIGHTIES To support our claims about the 1983 Greenspan report, we submit four documents for the reader to consider. Those are in the form of scanned "gif" images. To view one of those images, click where indicated below. To return to this article, click on the back arrow. The four documents begin with a newsletter published by us in 1981. At that time the media was reporting a crisis regarding Social Security funding. While idly looking at population statistics, we had noticed a downturn in the US birth rate that had begun after 1924 and continued into the Great Depression. Adding the common retirement age of 65 to 1924, we came up with 1989 as a key demographic year. We reasoned that demands on Social Security would begin to abate after 1989. That conclusion of ours was the only substantial finding of the '83 Greenspan report. Earlier reports published by the government had stated that it was not possible to predict trends in Social Security cash outflow. I think I remember from some media source the information that the '83 Greenspan report was the only commission report dealing with Social Security to have ever resulted in actual Congressional legislation. And if I remember correctly, Sen. Trent Lott said at the time that the resolution of the crisis of the early '80s had to be a matter of "immaculate conception." That seemed an unfortunate metaphor, because it cast Sen. Lott himself in the role of the angel of the lord who visited Mary and Joseph and proclaimed to them what the situation was. Even worse, Sen Lott's metaphor seemed to cast Alan Greenspan in the role of the Virgin Mary. In 2004 we tried calling the Federal Reserve to see if they had any comment. We tried the Chicago Federal Reserve first and spoke with Mr. Jerry Nelson of the media or public information department. His first reaction included the statement that, "Whatever the case, the Fed has no comment." We pressed him a bit more and he stated that, what we were saying about Alan Greenspan was "patently absurd." We wanted to know why notarized documentation, which we had, should be dismissed. He suggested that we phone elsewhere within the Fed. We phoned Linda Ricci who is Assistant Vice President for Media at the New York Fed. She suggested that we phone Susan Stawick, who is her counterpart at the Washington DC Fed. Susan Stawick had not returned our call as of December 4, 2004. It isn't hard to understand why Fed employees do not want to deal with the matter that we are trying to raise. However that is their job. A lot is at stake for a lot of American citizens. It seems to us that Fed employees who cover for Alan Greenspan in this matter are as culpable, in their own way, as employees of some big corporation who knowingly cooperate in the falsification of financial records. OUR FOUR DOCUMENTS For each of our four documents, we present a number of scanned gif images. Two comments might be in order. First, while those images are of excellent quality, our inexperience with the scanning system tended to lead to images on receiving monitors that were either too large or too small for convenient viewing. And, unfortunately, some older computers may not be able to receive the images at all. The image-size issue seemed to vary somewhat depending on the properties of the computer that was on the receiving end of the images. So we scanned our documents at different magnifications and also scanned portions of the first two documents separately in addition to scanning the whole documents. If the reader cannot get a satisfactory result by clicking below but still wishes to examine our documentaion, he or she may get in touch with us. We can send the images via e-mail as a word attachment, or we can send them as printed pages through the mail. We may be reached at gahnsd@yahoo.com or at (317) 523 - 6943. The first two images are the two sides of our 1981 newsletter about Social Security Demographics. It was dated May 1, 1981. In the upper left corner is a crude graph showing twentieth-century birth rates (see above). The remaining images from this page show portions of the same newsletter at greater magnification. |
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Document #1 Image 1 Image 2 Image 3 Image 3A Image 4 Image 4A Image 5 Image 5A |
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Click here to view remaining items of documentation. |