• Alan Greenspan is worried that the rise in entitlement spending is eating up savings and therefore reduce business investment.
• While the rise in entitlements is real, this is mostly a demographic and healthcare cost issue, and the US is better placed than most advanced nations to tackle these.
• Worries that it affects savings and business investments seem overblown in an era of secular stagnation.

Source: Greenspan: More And More People Producing Less And Less | Seeking Alpha