What is your opinion of raising the debt ceiling, now that your pension directly depends on it?
We can’t keep raising the debt regardless of what happens to us short time. I mean if I must stop getting the COLA for retirement (haven’t gotten one yet...lol) than so be it. I mean once they deal with the debt and everyone takes a hit (welfare, unemployed, congress, President, etc) than we can look at making COLAs and other stuff again. That may never happen but I do believe that if we don’t deal with the debt now our grandchildren are screwed. Even my children might be (oldest 13) and I would rather deal with the debt and sacrifice than have our children and grandchildren going through it.
“..... I do believe that if we don’t deal with the debt now our grandchildren are screwed. Even my children might be (oldest 13) and I would rather deal with the debt and sacrifice than have our children and grandchildren going through it.”
In fact, there is a good chance that if we don’t deal with it now, the present recipients of federal pay/benefits/retirement/welfare/medicaid will be screwed. The best scenario, I think, is a significant haircut for all federal expenditures. The worst is runaway inflation that kills everyone.