[curiosity]

An unfunded liability is different than a debt.

Entitlement programs aren't even liabilities!

Conservatives need to stop calling them that. Why? Because if we keep calling them "liabilities," we are implying that we can't cut them without defaulting on some obligation. But that's just not true!

Cutting entitlement programs IS NOT an event of default! Congress has no legal obligation to keep the benefit forumals unchanged!

This cannot be emphasized enough.

[Toddsterpatriot]

Cutting entitlement programs IS NOT an event of default!

I agree.

Congress has no legal obligation to keep the benefit forumals unchanged!

Or to pay any benefits at all.