You owe more than $500,000 — and counting
https://thehill.com/opinion/finance/585679-you-owe-more-than-500000-and-counting/
"That’s more than five times the median household’s income.
America’s debt already threatens our freedom and prosperity. Unfairly forcing taxpayers to take on the broken pension promises of private and public sector unions would raise that threat level."
https://www.heritage.org/debt/commentary/pension-bailouts-could-raise-the-national-debt-7-trillion
"The US won't climb out of its $32 trillion debt, David Rubenstein said. Instead, its best bet is to lean on inflation."
https://www.businessinsider.com/david-rubenstein-us-debt-solution-taxes-spending-inflation-income-inequality-2023-7?op=1
"printing money to pay off the debt would make inflation worse. This would be, as the saying goes, "too much money chasing too few goods.""
https://www.aarp.org/politics-society/government-elections/national-debt-guide/faqs/why-cant-government-print-more-money.html
“It will basically buy less at the supermarket than it used to.”
https://www.cnbc.com/2022/04/20/inflation-is-taking-a-big-bite-from-retirees-pension-income.html
"the number of Americans living paycheck to paycheck jumped to 64% as of December, according to a recent report."
https://www.cnbc.com/2023/01/31/share-of-americans-living-paycheck-to-paycheck-jumped-in-2022.html
"But he noted that when inflation increases, lower-income people are often much more disadvantaged than wealthier consumers."
https://www.businessinsider.com/david-rubenstein-us-debt-solution-taxes-spending-inflation-income-inequality-2023-7?op=1