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Notes -
Do you have a citation on this? (Especially the implied consensus)
I was hearing about how the entire system was going to fail from deficits, inflation, and the demographic collapse of social security since 2008 when i was still in Gradeschool.
The centrality of the looming death of Social Security and medicare under the boomer's mass retirement has been a fiscal hawk talking point forever.
David Stockman, Regan's Budget manager, has been talking about almost nothing else since the mid-90s. This is also a perennial obsession of anyone related to Austrian economics. Anyone who's work appears at Zero hedge... this a founding narrative of the modern American economic right... and the timeline has not changed like other doom predictions, though several tried to suggest the market wold correct early in anticipation and a lot of people lost money gold speculating that inflation would suddenly hit in like 2012-2014...
But the narrative arc and the timeline of when social security and the empire would collapse under demographic and fiscal weight... that's always been late 2020s early 2030s and maybe a bit sooner if the market notices the gravity kicking in
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