http://www.csmonitor.com/Business/Latest-News-Wires/2011/0613/Medicare-other-entitlements-mean-US-worse-off-than-Greece
Bill Gross is the manager of PIMCO and manages 1.2 trillion dollars in assets. He's widely regarded as a bond genius among investors and economists... now why would he say medicare and social security are putting this country in worse fiscal shape than Greece?
What does someone who's incredibly good at assessing economies for risk know? Pfff!!!
Isn't Gross addressing what Milton Friedman, Reagan's economic adviser, already said was true: "Today's retiree is paid for by today's worker?"
Bill Gross is the manager of PIMCO and manages 1.2 trillion dollars in assets. He's widely regarded as a bond genius among investors and economists... now why would he say medicare and social security are putting this country in worse fiscal shape than Greece?
What does someone who's incredibly good at assessing economies for risk know? Pfff!!!
Isn't Gross addressing what Milton Friedman, Reagan's economic adviser, already said was true: "Today's retiree is paid for by today's worker?"