Raising taxes is polically impossible in dead locked congress.
Reducing entitlements will be politcally impossible in deadlocked congress. Retiring baby boomers do vote in high percentages. We could stick it to the young ones, raise retirement age.
Can we inflate our way out of our debt problem? Only problem to this is that many of our entitlements are indexed to inflation.
I’m betting govt will try to inflate its way out of our debt problem. It is the easiest polically. Couple in some some other less potically problematic ways…retirement age increase and increase in wealthy’s social security tax burden, etc. We will stilll have to have massive painful cuts in government spending.
