> I am sure the actuaries are smart enough to figure it out.
It's not that simple when you have politics involved. We will keep borrowing more and kicking the can down road so that the next for the next generation to deal with until we can't borrow anymore. No different than how terribly indebted households keep borrowing and moving debt from credit card to credit card until there run out of options.
What politician is going to ruin his chance of re-election or election by supporting "people having to pay more, a little longer" or "people getting less".
It's not that simple when you have politics involved. We will keep borrowing more and kicking the can down road so that the next for the next generation to deal with until we can't borrow anymore. No different than how terribly indebted households keep borrowing and moving debt from credit card to credit card until there run out of options.
What politician is going to ruin his chance of re-election or election by supporting "people having to pay more, a little longer" or "people getting less".