4 ms·
I don't see the point of talking about the $23T number, which doesn't account for unfunded liabilities. I guess the thinking goes that we can it's easier to re
by jeffdavis 7y ago
I don't see the point of talking about the $23T number, which doesn't account for unfunded liabilities.
I guess the thinking goes that we can it's easier to renegotiate social security and medicare benefits than to renegotiate the interest payments on a bond. Not sure that's true -- it seems like inflation is the only reasonable solution to either of those problems.