Stanley Druckenmiller of Quantum fame, said the mushrooming costs of Social Security, Medicare and Medicaid, with unfunded liabilities as high as $211...

James McKay
James McKay BRR Media

Stanley Druckenmiller of Quantum fame, said the mushrooming costs of Social Security, Medicare and Medicaid, with unfunded liabilities as high as $211 trillion, will bankrupt the nation's youth and pose a much greater danger than the country's $16 trillion of debt currently being debated in Congress... Druckenmiller said unsustainable spending will eventually result in a crisis worse than the financial meltdown of 2008, when $29 trillion was erased from global equity markets.

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