Inflection Point cover image

The Inflation Debate Rages On | Weekly Round Up

Inflection Point

00:00

Social Security and Medicare Benefits for Retiring Baby Boomers Are Obligations

CNN's John Berman says he is infuriated by people who say that government and household finance are not the same. The CBO has revised down its estimate of how much the US deficit will be over the next 10 years, from $1.6 trillion per year to $2 trillion a year. But tax receipts won't keep pace with rising costs of social security and Medicare benefits for retiring baby boomers. "You can't print social security. You can't print Medicare. These are obligations that you owe to people"

Play episode from 33:07
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app