Americans Are Putting Billions More Than Usual in Their 401(k)s

Re:Americans Are Putting Billions More Than Usual in Their 4... by wang_li on Thursday January 05, 2017 @01:33PM (#13329908)

I'm not sure I understand where you're coming from as it assumes that the US won't be paying back its debts. Do you also consider that money you deposit into your checking and savings accounts as having disappeared into a black hole?

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Re:Americans Are Putting Billions More Than Usual in Their 4... by jimmyk on Thursday January 05, 2017 @01:42PM (#13330005)

The point is that in order for government to pay back its debts, it has to tax people (or fire up the printing press).

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Re:Americans Are Putting Billions More Than Usual in Their 4... by mywittyname on Thursday January 05, 2017 @03:36PM (#13331123)

There's nothing wrong with "firing up the printing press."

The US government will be in debt for the rest of its existence and the balance of that debt will likely increase every year. The Federal Reserve openly targets a 3% inflation rate and that inflation is going to come from ye olde printing press.

IMHO, better this inflation come in the form of SS payments than payouts to military contractors.

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Re:Americans Are Putting Billions More Than Usual in Their 4... by thraway2016 on Thursday January 05, 2017 @03:41PM (#13331191)

I'm not sure I understand where you're coming from as it assumes the exponential function will stop working in the near future.

I'm coming from the perspective that there is neither a short term nor long term plan to address the inevitable default of the US government, decades hence. We WILL either default, monetize, or sell federal land. Math won't stop working in my lifetime.

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