Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: reaganaut1

They say it’s will be 106% of the GDP by 2035. Actually it already exceeds the GDP. When they give their number they are looking only at the public debt and excluding the social security ious for instance. That only makes sense if you assume that the government is not going to repay the social security ious.


21 posted on 07/23/2016 7:16:56 AM PDT by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Brilliant

The government is NOT going to “repay” the Social Security IOUs. Part of the strategy here is to deliberately under-report inflation so that the future Social Security liabilities have less purchasing power than the current IOUs.


38 posted on 07/23/2016 8:05:11 AM PDT by Alberta's Child ("Sometimes I feel like I've been tied to the whipping post.")
[ Post Reply | Private Reply | To 21 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson