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The National Debt and Social Security’s Inherent Role
The Bryan (Ohio) Times today carries an article outlining the conceptual pitfalls of the rapidly escalating U.S. national debt and, although it contains some incorrect assumptions (e.g., the comment implying that the Social Security trust fund tends to “take in more revenue from social security taxes than they need”), it’s a chilling account od the problems ahead. For example, the per capita allocation of the total debt, the spectre of negative interest rates, and so on all put an accurately dismal light on the growing problem. Overall, a worthwhile read to get you thinking about the problem. Read the post here…
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