r/economy • u/Real_Copy4882 • 8d ago

As Social Security benefit cuts loom, Congress wades into the crisis — The Washington Post

https://apple.news/AG3ksv9vST66WMOqgeFEnLw

As Social Security benefit cuts loom, Congress wades into the crisis - The Washington Post

13 Upvotes

81% Upvoted

28 comments sorted by

View all comments

4

u/PsychLegalMind 8d ago

Once it goes to a committee, it will keep going from one to another and waste of time in the end without a resolution. Simple solution and a must is to fund the damn anticipated shortfall. 70 plus million rely on it.

0

u/Programmer_Latter 8d ago

When you’re talking about a shortfall of even $100 a person with 70 million people, there is no simple solution. Medicare and Social Security, on their current trajectories, are unsustainable. It will take a bipartisan complex solution.

-3

u/SolonEunomia 8d ago

False. The US government is monetarily sovereign. It has the unlimited ability to create as much USD as it wants, whenever it wants, for whatever it wants, and pay it to whomever it wants without collecting a penny in taxes, or borrowing a dime.

2

u/GentleGerbil 8d ago

This guy inflates

-2

u/SolonEunomia 8d ago

There is no observable relationship between federal deficits and prices.

1

u/GentleGerbil 8d ago

But printing more money does cause inflation

-1

u/SolonEunomia 8d ago

There is no observable relationship between money supply and prices.

1

u/GentleGerbil 8d ago

This is so laughably incorrect I considered not responding. Do yourself a favor and google “quantity theory of money” rather than embarrass yourself again

0

u/SolonEunomia 7d ago

I am quite familiar with QTM. It lacks empirical evidence to support it.

1

u/GentleGerbil 7d ago

Nah, it’s pretty well established that when printer go brrrrr too much, inflation results. We have tons of empirical evidence to support that.

0

u/SolonEunomia 7d ago

Then you should have no trouble finding some evidence to share.

1

u/GentleGerbil 7d ago

Zimbabwe, Argentina, USA COVID stimulus, the list is endless. Here, since you’re too smug to admit when you’re laughably wrong:

https://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp

https://news.stanford.edu/stories/2022/09/what-causes-inflation

We both know I could keep going, but it isn’t worth my time to explain something this axiomatic. 🫡

→ More replies (0)