The chorus is getting louder....

Druckenmiller, 59, 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.

“While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit,” Druckenmiller said in an hour-long interview with Stephanie Ruhle on Bloomberg Television’s Market Makers. “I am not against seniors. What I am against is current seniors stealing from future seniors.”

Social Security is easily fixable, but once again Bloomberg is conflating it with Medicare.  

This is done so you will not recognize the truth of the matter, which is that it is not medical entitlements that are the problem, it's the entire medical system that must be reformed from the top down.

I have repeatedly written about this and it features prominently in Leverage as well.

There is no particularly difficult problem to solve with regard to Social Security, despite the fear-mongering.

Without forcing out the protections in the medical industry, allowing true competition back in and demanding full price transparency and enforcing anti-trust law as applies to all other areas of business, we cannot prevent what is otherwise an inevitable destruction of the United States economy and federal government.

Medical costs must and can fall by 85-90% compared to where they are today.  This would make them affordable on a cash basis to pretty-much everyone.  Yes, under that model there would be treatments you could not access unless you were ridiculously rich, but that would be the rare exception rather than the rule, even for serious disease and accident situations.

Since those circumstances would be few and far between true catastrophe insurance would be both available and affordable.

Nobody is willing to take this on, but if we don't, and soon, the nation and our economy are doomed.