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<blockquote data-quote="vantexan" data-source="post: 731889" data-attributes="member: 24302"><p>If we see inflation like we had in the late 70's they would have to give us 10 to 15 percent annual raises just to keep up. Hopefully it won't happen but one way to pay for all the government debt is to inflate the money. Really bad for those with the fixed benefit pension that they terminated. My $13k or so at 55 will suffer enough with regular inflation. With really high inflation it'll be almost worthless as there's no annual cost of living adjustment attached to it.</p></blockquote><p></p>
[QUOTE="vantexan, post: 731889, member: 24302"] If we see inflation like we had in the late 70's they would have to give us 10 to 15 percent annual raises just to keep up. Hopefully it won't happen but one way to pay for all the government debt is to inflate the money. Really bad for those with the fixed benefit pension that they terminated. My $13k or so at 55 will suffer enough with regular inflation. With really high inflation it'll be almost worthless as there's no annual cost of living adjustment attached to it. [/QUOTE]
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