People really don’t get it. The debt is so huge that the only solution to it is to not pay vast sums of money to people to whom it is owed. Ultimately that is what will happen, voluntarily or not, be it through default or monetization of the debt.
Which is why this thing will end in war.
Government has allowed this to happen to retain their jobs and lifestyles, and moving money from those who paid in, to those who never paid in.
Someone’s lifestyle is going to be reduced, it just seems like the aged will suffer.
I know there are many freepers who have paid into the system for years, and who recognize how utterly hopeless the financial mess is -- and yet they still say "I expect to get what I have coming to me!!"
I see massive default and I see a world war of monumental proportions. What I do NOT see is a bunch of freepers (or anybody) receiving social security checks 15 years from now. It just ain't happening. The math says "No".
Absolutely correct. And not a "little" war either - the kind of war that shakes the entire world and kills tens of millions.
so you see, there'd better be medicare and SS for me when I get there.....
if they want to take benefits away, start by indexing to other defined pension plans/medical plans.....GOVT most certainly included....
as it is, the private sector pays more for health care insurance, for the illegals, the elderly, the "disabled", and the govt workers can all get great deals....
sick of it...