Interesting and helpful look at the national debt. Boils alot down in a relatively small space.
Another tidbit
“If, for instance, Congress were to adjust the formula by which Social Security cost-of-living increases were calculated or change the age of eligibility, future federal liabilities would shrink by trillions of dollars instantly.”
Fix GDP, adjust SS and cut spending & you’ve got debt to a reasonable level in less than an election cycle (of course, fixing GDP is tough because of the complexity and adjusting SS is tough because of the politics involved… dittos for cutting spending though the mood seems to be strong to do that at the moment).
Views expressed are always my own and not my employer's, my church's, my family's, my neighbors', or my pets'. The house plants have authorized me to speak for them, however, and they always agree with me.
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Another tidbit
“If, for instance, Congress were to adjust the formula by which Social Security cost-of-living increases were calculated or change the age of eligibility, future federal liabilities would shrink by trillions of dollars instantly.”
Fix GDP, adjust SS and cut spending & you’ve got debt to a reasonable level in less than an election cycle (of course, fixing GDP is tough because of the complexity and adjusting SS is tough because of the politics involved… dittos for cutting spending though the mood seems to be strong to do that at the moment).
Views expressed are always my own and not my employer's, my church's, my family's, my neighbors', or my pets'. The house plants have authorized me to speak for them, however, and they always agree with me.