The Savings Gap - Americans Not Saving Enough for Retirement

[lnrw]

No, it's never been this bad. It's never been anywhere near this bad.

[The Dude]

[Spider]

^Valid point.

(Of course we jacked up taxes to astronomical levels to pay it down in the post war, and had explosive growth to even it out. Neither of which is going to happen now)

[lnrw]

[lnrw]

Not only that, by using WWII as an example, you overlook that the US was one of the very few places left able to manufacture or do much of anything. The US had an enormous advantage after WWII by being in a position to do the things that were done. The rest of the world's economic engines were crushed.

That sure isn't the case now. Much of the world already has an economic/manufacturing advantage over the US because of factors we already know.

[The Dude]

[The Dude]

[lnrw]

You may construe it that way, but I do not.

I moved nothing. I pointed out the economic reality that was left from WWII. It's the same field and the same goal posts. You asked me if I ever heard of WWII and I introduced that part of that reality.

so unfunded liabilities make no sense?

Pray tell how.

[Spider]

[The Dude]

you: Worst debt ever!

me: Worse during WWII

you: Well, that doesn't count because of X


That's moving goalposts. Very obviously, too,

Unfunded liabilities aren't debt, it's misdirection, it's easily solved, and it's far in the future. Plus, if we look back in hindsight, obviously our unfunded liabilities during 1950s were much worse, they just didn't realize it. Of course, we fixed that in the future.