Inflation: The only way to reduce the national debt.
Much truth there.
The problem being that the G 7 Nations can’t all do it at the same time.
With present inflation numbers the best guess for SS COLA increases are for 8.7% starting next year. Down considerably from previous projections. Ergo, Uncle Sam has got to reduce inflation before the November SS COLA is to be determined.
Looking like new SS recipients might well be hit with a Medicare surcharge of sorts if Barrons and the WSJ are correct.
Happy days, boys.
