Wednesday, February 24, 2010

Social Security, Medicare, and Medicaid

Paul Volcker, former Chairman of the Board of Governors of the Federal Reserve System, recently commented that it is possible to reform Social Security. However, it appears as if the administration has ruled out the option of privatization and wishes to instill more of the same regarding the current entitlement programs. Social Security, Medicare, and Medicaid collectively present $100 Trillion in unfunded liabilities.

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