You must not get it otherwise you'd stop using words like "solvency". There is no indication in any inflation forecasts published by private firms, banks or the regional reserve banks that our presently large commitment of real resources to old people is going to make our currency worthless. However, our current debt and deficit hysteria could lead to problems in investing in enough resources for the future. Are people going to have enough children to provide services to these old people when they're debt and cash-strapped and underemployed or unemployed today? Are we going to educate enough new doctors and nurses, etc??sleeper;1512717 wrote:I get it, we control our own currency so we will have enough money to cover any deficits. The question is, by doing this will our currency be worth anything and we all know the answer to that(hell even the dog knows the answer to that).
Those are the real problems that we should be concerned about. If we don't want to move those real resources towards the benefit of seniors that's fine...we tell them to go take a hike but it's not a question of bankruptcy, insolvency or financial constraint.
