Quote:
Originally Posted by Challenger
Are you suggesting that the the USA will default on it's debt? If so, there will be much, much more to worry about than SS. What investment might you suggest that would be better than US debt securities.?
If your premise is that we need to run surpluses and reduce the debt, I totally agree.
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I'm trying to say, probably poorly, that we need to raise taxes to match our spending. I do believe the US will not be able to meet it's financial promises but it will not be called default. Very basic mathmatics should make this pretty clear. As a society we don't even want to raise gas taxes to fix our roads with at 2.00 and will instead issue more US bonds.