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The downstream effects on consumer spending would absolutely result in this being fixed. The alternative is large numbers of people going bankrupt and that's g
by awinder 10y ago
The downstream effects on consumer spending would absolutely result in this being fixed. The alternative is large numbers of people going bankrupt and that's going to hit several sacred cows in this country, particularly housing. There's lots of reasons that I'm damn near convinced that SS will still be around, principally that the gap is actually not that bad if it's dealt with in advance so that the trust funds can take advantage of compounding interest. But even absent that, the fact that corporate america is going to be Victim #2 almost guarantees a fix.
- hx87 10y ago> sacred cows in this country, particularly housing That sacred cow needs to be slaughtered, the sooner the better, and its flesh distributed.