Medicare has a huge problem. It’s running an 80% deficit. In other words, it spends $5 for every dollar it receives in tax revenue. As a result, our guest this week on Retirement Lifestyle Advocates radio, Mr. Karl Denninger, forecasts that without Congressional intervention, Medicare ceases to be able to pay its bills by 2023. Join your host Dennis Tubbergen for a riveting discussion about Medicare, the potential solutions, and even the recent Presidential election.
Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World.