There is still a way to solve this problem without resorting to massive inflation or default but, as you can see here, everyone would rather kick the can down the road rather than face reality. When the US defaults, then our seniors will know real pain. And unfortunately we will all get what we deserve for not taking care of this problem!
It will be quite the sight to see that in 10 years Canada will lock it's borders to prevent US citizens from immigrating! This day is coming.
We’ve been kicking the can for a while. They could untie the inflation indexing by indexing it to government warehouse cheese or stuff from the dollar store. Current seniors might not be too bad off in general, but the next generation who have spent down the 401k during unemployment is going to be completely screwed.