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Wednesday, March 09, 2005 GAO: personal accounts will make things worse The nation's chief financial accountability officer today backed President Bush's call to reform the Social Security system sooner rather than later but said Bush's proposal for personal retirement accounts was likely to exacerbate deficits and warned more broadly that the country's current fiscal path is unsustainable. In testimony before the House Ways and Means Committee, David M. Walker, the U.S. comptroller general and head of the Government Accountability Office, also cautioned that Medicare presents a much bigger, tougher and more urgent problem than Social Security. Story. posted by chris at 4:48 PM   ------------------

    

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