But what abut debt burden as a ratio of GDP? It is worse, but both boomers and millennials are paying it. But boomers are quickly exiting to retirement.
What are is the debt service for? It is for weapon and social programs that do not outlive their debt obligations. We change failed programs to protect corrupt politicians and the promises leave a trail of debt never written off. Millenials will be paying 5% of income to cover debt service. About 2% of that is cost from cowardly politicians hiding their failures behind debt.
Millennials have a national duty to execute an MMT moment followed quickly with a generational overlap meeting on entitlements. It is not a continuous process of experts as the central planners have us believe. It is asymmetric. The millennials will recover some from the boomers and rip off their children for the other and the process repeats. It is a self sample process, Newton's background grid is discovered ex ante and constructed ex post.
The data we see is presented as if we met the Euler conditions after it is compiled as assets and liabilities co-adjust.
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