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To: al_again2010

Lots of ridiculous posts on this thread (not yours). There’s no money left, we have borrowed to the hilt and that free ride will end at some point. But some people are arguing over whether someone should get some “entitlement” or not? Our options are pretty simple: inflate or default. We will probably do some of both, some people won’t get their “entitlement” and those that do will get it in worthless dollars.


466 posted on 01/03/2011 5:06:01 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: palmer
Inflation does not solve the problem as the benefits are tied to COLA. This needs to be fixed and the inflation can be used to cure.

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.

470 posted on 01/03/2011 5:11:19 AM PST by al_again2010
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