Systematic Inflation is the only way the government can meet it obligations. Social security will still pay the $2000 month check but it will only have a percentage of the value that was original paid in. The real question is how much will inflation eat up when you get your check? I figure 60% when I start getting mine.
I believe social security is inflation adjusted.
SS is indexed. Wages rise in inflation and so will SS although there might be a lag. The phrase is “a rising tide raises all boats.”
In an inflation where all prices rise, the price of labor is one of the costs contributing to the rise. The unions complain about lack of raises. There were no raises for many years except for those who merited a raise. There was no general rise because there was no inflation. Labor leaders will crow how they got raises when the root cause is inflation.
The government must have wage inflation because of the benefit on marginal tax increase on the wage increase .
While wage earners may not have wages increase on parity with the inflation they will not be severely hurt. That will be politically untenable.
The debt is reduced by devaluation of the currency and the marginal tax increase from inflated wages.
The above is currently underway as evidenced by the prices of gold and oil in both US Dollars and Euros.
The people who are affected the worst are creditors. The long debts will be repaid in $$ having a value in gold or oil or real estate less than those loaned