They don't need to print 106 trillion since that is GAAP accounting and if they reduce Medicare payouts and increase the cap to infinity and if they reduce SS payments to 70% within 20 years or so, all that deficit vanishes (except the current 12 trillion or so deficit and the ongoing deficit).
That 50+ or 100+ trillion "deficit" is promised versus projected, and the promise can and will change, either be lowering the payout or, more likely, by systematically eroding the dollar. Faster then before, of course, because the slow burn hasn't been fast enough as yet.
If any unheard of (in the USA) scheme is desired, then they will orchestrate a crisis in order to jam it through. I think there's a reasonable likelihood that happens, esp. if they want to jam down SS by 25% or jam up the Medicare income threshold to infinity.
I agree that the dollar devaluation will be the way they go, primarily. With it, we import inflation, and the falsified CPI can be used to water down SS 2+ percent per year so that after 10 or 15 years, we have trimmed it the required 30%.
But alas, they'll have new SNAFUs they've created and of course that would never be enough.
And I think that nefarious plans to screw the masses always have a nasty way of blowing up in some unintended way. |
