Legendary investor Stanley Druckenmiller is warning that America’s fiscal situation could force the nation to give up on much of its social programs and entitlements.
In a new keynote speech, Druckenmiller, known as “The Druck”, says few are giving an honest look of the severity of the US debt, and most are not accounting for the massive amounts of entitlement programs that need to be paid out in the future.
Druckenmiller says that if you account for what the government owes to the future senior citizens of America, the US is actually closer to $200 trillion in debt, nearly seven times the official number.
“The fiscal recklessness of the last decade has been like watching a horror movie unfold. During the last decade, our debt
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