$20 trillion in IOU’s and it’s not enough for these people. The current gravy train is skidding off the tracks quickly. Need a lot more gravy to keep it running and this is one way to get it.
Make no mistake. This is just another pot of money liberals would like to get their filthy hands on to redistribute - i.e. buy votes.
It's not just liberals. Remember when GWB got into office? One of his fist attempts was to put Social Security into IRAs. Then there was the talk of transferring retirement savings into federally guaranteed annuities. Starting with GWB (yeah, it has been sixteen years! now) interest rates on savings tanked so there's been no safe way to compound savings.
My generation is getting by in retirement. But what is happening is retirement savings are being depleted. Assets are being turned over for reverse mortgages and annuities. Not much wealth will be transferred to younger generations, and many people who would in earlier times be middle class or well off will NEVER get out of debt. It's a future of subservience and acceptance of the status quo. I can already see it in so many generation Xers and millennials. They don't even know what's been lost compared to the promise of the 1950s and 1960s. We see it on the local level....people with the education and background in gov positions have no contact with the realities that keep their communities safe and prosperous.
Can DJT turn enough of it around? I don't think it's impossible. He has done well beyond imagination getting US citizens to pay attention.