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<p>[QUOTE="Cloudsweeper99, post: 1208235, member: 3011"]This is a misrepresentation of what I said and completely wrong. First of all, unfunded liabilities are NOT bank debt and have no impact on the banks. It is an issue that will have to be addressed through increases in age requirements, higher taxes, etc... but is not part of the national debt problem. I know it is fun to add the two together to make the problem seem more gigantic than it is, but it is deceptive and everyone should realize this. </p><p><br /></p><p>Apparently you prefer to pay the debt through destruction of the value of the currency, and this may ultimately be the course of action. But what everyone should understand is that you have a bias toward harming people and rewarding banks out of some form of misplaced guilt. At least some of us hold the opposite opinion, especially when there are perfectly good options that preserve the standard of living of ordinary people.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1208235, member: 3011"]This is a misrepresentation of what I said and completely wrong. First of all, unfunded liabilities are NOT bank debt and have no impact on the banks. It is an issue that will have to be addressed through increases in age requirements, higher taxes, etc... but is not part of the national debt problem. I know it is fun to add the two together to make the problem seem more gigantic than it is, but it is deceptive and everyone should realize this. Apparently you prefer to pay the debt through destruction of the value of the currency, and this may ultimately be the course of action. But what everyone should understand is that you have a bias toward harming people and rewarding banks out of some form of misplaced guilt. At least some of us hold the opposite opinion, especially when there are perfectly good options that preserve the standard of living of ordinary people.[/QUOTE]
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