Bernanke’s Warning – Deficits and Entitlements
Federal Reserve Chairman Ben Bernanke warned the Senate Budget Committee of impending doom regarding the rising costs of retirement and medical entitlements. Too much of our American economy is already squandered on servicing our $9 trillion debt. Our “leaders” in Washington must address this problem and engage in some tough discussions.
Entitlements should be frozen (if not cut), and budgets should be slashed. Ironic that it takes a Democrat-controlled Congress to get these topics on the table.
Michael
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