Agreed. People want their benefits and they’re right - they paid for them with their taxes.
No politician is going to tell voters they shouldn’t get them.
That’s the bottom line.
posted on 10/30/2011 5:33:07 AM PDT
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
The *real* solution is what we are going to be forced to do, which is to devalue the dollar and then repay the obligations with cheaper dollars. Where obligations are indexed to inflation simply fudge the formulas and/or numbers used for those indexing calculations.
Some would suggest that America's favorite sport is Football or Baseball. In reality our favorite sport is lying to ourselves.
posted on 10/30/2011 9:59:19 AM PDT
by The Duke
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