- Jul 1, 2004
- 21,030
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A Speech by Richard W. Fisher, President of the Dallas Federal Reserve...
This is a MUST read.
http://www.dallasfed.org/news/...sher/2008/fs080528.cfm
Sure, SS and Medicare were enacted years ago, but the recent Medicare Prescription drug bill, which Fisher says will end up being more costly than all of SS, was enacted just recently.
Congress is completely and totally out of control. They are doing the exact opposite of what needs to be done in order to solve what Fisher calls a "looming fiscal disaster."
"The sky is falling," I can already hear. Hey, those aren't my words, so save it for when you see Richard Fisher, and throw those words in his direction.
It seems more and more people are standing up to tell the truth, we are in financial trouble. Big trouble. And if things continue, and we ignore the problem, this nation will go bankrupt.
This is a MUST read.
http://www.dallasfed.org/news/...sher/2008/fs080528.cfm
Sure, SS and Medicare were enacted years ago, but the recent Medicare Prescription drug bill, which Fisher says will end up being more costly than all of SS, was enacted just recently.
Congress is completely and totally out of control. They are doing the exact opposite of what needs to be done in order to solve what Fisher calls a "looming fiscal disaster."
"The sky is falling," I can already hear. Hey, those aren't my words, so save it for when you see Richard Fisher, and throw those words in his direction.
It seems more and more people are standing up to tell the truth, we are in financial trouble. Big trouble. And if things continue, and we ignore the problem, this nation will go bankrupt.