[Alberta's Child]

The U.S. government has already begun to deal with the Social Security and Medicare ponzi schemes -- it's just that they haven't told anyone about it.

The plan that has been put in motion is simple . . . in involves nothing more than the gross under-reporting of inflation on a year-by-year basis. Folks may have noticed that the Federal government has been reporting inflation rates of around 2.5% to 2.7% even as the prices for most of the necessities in our lives have increased at rates of 5%, 10%, or even more.

You think this is just a statistical anomaly? Of course not. This allows entitlement spending to increase at rates that don't even keep up with inflation over time, which means nobody gets a cut in their government hand-outs but eventually we'll notice that a government check that used to pay the rent can barely even cover the cost of a can of dog food.

[henkster]

“This allows entitlement spending to increase at rates that don’t even keep up with inflation over time, which means nobody gets a cut in their government hand-outs but eventually we’ll notice that a government check that used to pay the rent can barely even cover the cost of a can of dog food.”

Why is this a bad thing?