Quote:
Originally Posted by Villages PL
http://finance.yahoo.com/news/stan-d...VfMQRzZWMDc3I-
From the above link: "Druckenmiller, 61, has argued for several years that the mushrooming costs of Social Security, Medicare and Medicaid will bankrupt the nation's youth and eventually result in a crisis worse than the financial meltdown of 2008."
What do you see as a possible solution, if any?
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We need to stop government waste on things like toilet seats and hammers, and properly fund medicare and stop stealing from social security. Baby boomers' kids are not having children at the same rate baby boomers' parents did, so after we are all gone, perhaps the population explosion will level off.
In no way did Druckenmillar have anything to say about diet. It is all about finances. He went on to tell people with whom to invest their money--young investors with mouths to feed at home. They tend to study the market better and bring back greater returns because they themselves need the money.
Financial problem; economic solution.