The left’s idea of “economically stable” does not match mine.
Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers will place major strains on the nation’s budget and the economy, Federal Reserve Chairman Ben Bernanke said Wednesday.
“Reform of our unsustainable entitlement programs” should be a priority, he said in prepared remarks to the Economics Club of Washington. “The imperative to undertake reform earlier rather than later is great,” Bernanke added.
Of course, since they have an entire segment of the population convinced that Clinton left the country with a surplus of funds and no deficit, they probably feel the right to have a number of definitions that don’t match with reality.