"Does Chairman Greenspan believe the president's plan will increase national savings?"

Greenspan Said Yesterday that Private Accounts Will "Not Materially Affect Net National Savings." "Unlike almost all of the other programs with which we deal, moving to a forced savings account technically does not materially affect net national savings; it merely moves savings from the government account to a private account." [Chairman Alan Greenspan, Senate Committee on Banking, Housing and Urban Affairs, 2/16/05]