LOL: interesting day on the street today…

[briansd1]

[quote=Fletch]

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]

My dad gets Social Security. He did not get an increase in 2010.

WASHINGTON — For the first time in more than three decades, Social Security recipients will not get any increase in their benefits next year, federal forecasts show.

[Fletch]

[quote=briansd1][quote=Fletch]
My dad gets Social Security. He did not get an increase in 2010.
[/quote]

Looks like it’s mostly medicare and medicaid:
http://www.fool.com/investing/general/2010/04/16/why-the-us-cant-inflate-its-way-out-of-debt.aspx

[Fletch]

[quote=briansd1][quote=Fletch]
My dad gets Social Security. He did not get an increase in 2010.
[/quote]

Looks like it’s mostly medicare and medicaid:
http://www.fool.com/investing/general/2010/04/16/why-the-us-cant-inflate-its-way-out-of-debt.aspx

[Fletch]

[quote=briansd1][quote=Fletch]
My dad gets Social Security. He did not get an increase in 2010.
[/quote]

Looks like it’s mostly medicare and medicaid:
http://www.fool.com/investing/general/2010/04/16/why-the-us-cant-inflate-its-way-out-of-debt.aspx

[Fletch]

[quote=briansd1][quote=Fletch]
My dad gets Social Security. He did not get an increase in 2010.
[/quote]

Looks like it’s mostly medicare and medicaid:
http://www.fool.com/investing/general/2010/04/16/why-the-us-cant-inflate-its-way-out-of-debt.aspx

[Fletch]

[quote=briansd1][quote=Fletch]
My dad gets Social Security. He did not get an increase in 2010.
[/quote]

Looks like it’s mostly medicare and medicaid:
http://www.fool.com/investing/general/2010/04/16/why-the-us-cant-inflate-its-way-out-of-debt.aspx

[briansd1]

Fletch, you’re right on medicare and medicaid. But those are off balance sheet. Maybe with health care reform, we can force the health care industry to take a big cut. If it became an matter of survival (as in Greece) I’m sure we’d do it.

Our national debt could still be inflated away.

[briansd1]

Fletch, you’re right on medicare and medicaid. But those are off balance sheet. Maybe with health care reform, we can force the health care industry to take a big cut. If it became an matter of survival (as in Greece) I’m sure we’d do it.

Our national debt could still be inflated away.

[briansd1]

Fletch, you’re right on medicare and medicaid. But those are off balance sheet. Maybe with health care reform, we can force the health care industry to take a big cut. If it became an matter of survival (as in Greece) I’m sure we’d do it.

Our national debt could still be inflated away.

[briansd1]

Fletch, you’re right on medicare and medicaid. But those are off balance sheet. Maybe with health care reform, we can force the health care industry to take a big cut. If it became an matter of survival (as in Greece) I’m sure we’d do it.

Our national debt could still be inflated away.

[briansd1]

Fletch, you’re right on medicare and medicaid. But those are off balance sheet. Maybe with health care reform, we can force the health care industry to take a big cut. If it became an matter of survival (as in Greece) I’m sure we’d do it.

Our national debt could still be inflated away.

[XBoxBoy]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agZGHlWgbJ.0&pos=1

[XBoxBoy]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agZGHlWgbJ.0&pos=1

[XBoxBoy]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agZGHlWgbJ.0&pos=1

[XBoxBoy]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agZGHlWgbJ.0&pos=1

[Author]

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