[quote=Fletch][quote=briansd1]
1) Our debt is denominated in our own currency (can devalue the debt away if needed),
[/quote]
Except that isn’t almost all of our underlying debt (social security and medicare) inflation-indexed, and thus not capable of being “devalued away”?[/quote]
The government controls the index, so, they can adjust it. Also, they set the policy.
If the Feds says “OASDI Social Security Payments are
set to CPI-1.5%” that’s just what they can do.
