I skimmed it.
Earlier you “LOL” at the idea that our debt was a problem.
You realize our debt is a separte issue from Social Security and Medicare?
Still laughing?
Yes. The market knows these things and still our 10 year bond yields less than 5%.
You realize our debt is a separte issue from Social Security and Medicare?
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No, it is not. Social Security, Medicaire, Medicaid, Prescription Drug Benefits, and hundreds of smaller programs costs will continue to increase and drive up taxes and/or force monetization of the debt. Both situations are not good for investing.
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The market knows these things and still our 10 year bond yields less than 5%.
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You seem to be under the impression that markets perfectly price securities. But if this were so then markets wouldn’t crash, securities wouldn’t fall dramatically, and returns on investments would be less divergent.