More Unfunded Liabilities

Exciting news today from the trustees of Medicare and Social Security. These two accounts now have unfunded liabilities totally about $75 Trillion. That's pretty good, it's almost doubled since last year's estimates. I'm not sure what world GDP is, but I'm pretty sure it's not quite $75 Trillion. I'll have to do some checking. The hyperinflation scenario that now looms over our heads is going utterly destroy the U.S. Economy if we do not do something about it soon. Increasing taxes to pay for these massive promises simply won't work. That course of action, too, would crush the economy. The only solution is modifying the promise. Who will be bold enough to do this? My guess is nobody. Alas.