It’s more of a public policy question than an economic one.
What happens when politicians decide that getting power to do the right things makes it necessary to say the wrong things.
There are three options for dealing with entitlements.
Owing tens of trillions of dollars puts the U.S. on a course for stagnation—or crisis: A Dispatch Explainer.
If lawmakers won’t reduce benefits, raising taxes is the only option.
And who will pay the price when the trust fund runs out.