It's not as bad as you think. For the government, unlike for a corporation, reducing promised payouts to retirees is not an event of default. Hence fixing our budge mess isn't all that difficult. All we have to do is slow the growth of Social Security and Medicare benefits, such as in the manner as Paul Ryan proposed.
“...reducing promised payouts to retirees is not an event of default. “
People who have had their money stolen for all of their lives won’t see it that way.
Politically, you post that the US can just shove entitlements off and not suffer for it is a VERY sad joke. The masses depending on that won’t tolerate it. And the productive class can’t pay for it anymore.
It might even be technically correct, but realistically, it is the most uninformed comment that ignores humans and their natures. The whirlwind that would be unleashed will tear this nation apart. And who will the elites blame? Who will be their scapegoat? Who ever it will be, they won’t have caused this.
Politicians LYING has caused this, along with the FASCIST FED.
Pretending away an UNsustainable debt has brought us here, and you advocate more of the same. That is NO solution at all.
Pensions were the major form of welfare in USSR. Pensions were very low and easy to manage. Looked like they were picked up by the individual countries because they were manageable. Housing was provided to people but that was an asset that could be privatized.
Russia's workout was very simple in retrospect. Ours? I don't know.
Just reminds me that God wanted to setup the year of jubilee but the Jewish people were a little reluctant, looks like He may have done it anyway.........
Pensions were the major form of welfare in USSR. Pensions were very low and easy to manage. Looked like they were picked up by the individual countries because they were manageable. Housing was provided to people but that was an asset that could be privatized.
Russia's workout was very simple in retrospect. Ours? I don't know.
Just reminds me that God wanted to setup the year of jubilee but the Jewish people were a little reluctant, looks like He may have done it anyway.........