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<p>[QUOTE=&quot;Rono, post: 833522, member: 6492&quot;]Howdy all, </p><p>&nbsp;</p><p>I made the statement that there was no combination of tax increases and benefit reductions that could cover the unfunded liabilities of our gov&#039;t that are pushing $70 trillion.</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p>Sorry but I stlll don&#039;t think you could do it as you&#039;ve proposed as you&#039;re only addressing social security and the twin medi funds.&nbsp; You&#039;ve still got the trust funds and the debt service.&nbsp; &nbsp; </p><p>&nbsp;</p><p>That said, I don&#039;t believe that your suggested combination of fixes lies within the realm of the politically possible.&nbsp; </p><p>&nbsp;</p><p>Now, as I suggested, if you halve the value of the dollar over the next 10-15 years to monetize a goodly chunk of this shortfall AND apply your fixes, draconian that they may be, then you might just be able to pull it off.</p><p>&nbsp;</p><p>And this is the approach I believe our decision makers will take - monetize it as much as you can, raise taxes as much as you can and cut benefits as much as you can . . . and hope for the best.&nbsp; I see this as the most likely and viable &#039;solution&#039;.</p><p>&nbsp;</p><p>What it means to all us boys and girls, is double digit inflation, postponed retirement, less social security and medicare/aid, and higher taxes.</p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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