As right as you likely are, I’m not yet convinced that the US government will print their way out of the unfunded liabilities that are Medicare and SS.
I think there is a very strong possibility they will renig on their promises. I can see SS minimum age going to 70, and only for those under say $40,000 per year, with those over $40,000 getting some minor bogus tax write off. So if you should get $5,000 a year in SS, they will give you a $5,000 tax write-off instead, but if your tax rate is only 10% you will only get back $500 on that $5,000 income?
Have I confused you?
My point is, they will eventually renig on their promise and turn both Medicare and SS into welfare only for those who can’t afford their own retirement and medical needs.
The rest of us will get a big “thank you for playing” from Uncle Sad. There is no money to pay for Medicare and SS, and there is not money, and printing too much is out of the question.
The government will renig. I won’t see a penny of either plan when I retire in 12 years or so. Just MHO. You may end up being right.
Sorry for going so far afield my own topic of inflation and hyperinflation, but it is great to have a forum where we can flesh out all of these possibilities.
Aren't they already doing it?
FYI: There is no actual money in the Socialist Insecurity "lock-box".
There's just no way they'll get their act together to avoid the demographic / actuarial end game. Bush proved that when he attempted to fix Soc Sec and found no takers.