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Fisher Storms on the Horizon Part 10 of 18
The good news is this Social Security shortfall might be manageable. While the issues regarding Social Security reform 241- Forex are complex, it is at least possible to imagine how Congress might find, within a $14 trillion economy, ways to wrestle with a $13 trillion unfunded liability. The bad news is that Social Security is the lesser of our entitlement worries. It is but the tip of the unfunded liability iceberg. The much bigger concern is Medicare, a program established in 1965, the same prosperous year that Bill Martin cautioned his Columbia University audience to be wary of complacency and storms on the horizon.
Medicare was a pay-as-you-go $60 Per Sale-Fully Automated Forex System program from the very beginning, despite warnings from some congressional leadersWilbur Mills was the most credible of them before he succumbed to the pay-as-you-go wiles of Fanne Foxe, the Argentine Firecrackerwho foresaw some of the long-term fiscal issues such a financing system could pose. Unfortunately, they were right.