The Deficit Myth; You’re Entitled! Chapter

This book could serve as part of an intellectual foundation justifying the looming Biden bailouts of state governments but my primary focus (and supposedly that of 54% of the population) is Chapter 6 which provides a solution to avoid legally required benefit cuts in 2035: change the law and print as much money as you need.

Another foundation referenced (pages 181-2) is this 2005 Alan Greenspan testimony:
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More excerpts:

MYTH #6: “Entitlement” programs like Social Security and Medicare are financially unsustainable. We can’t afford them anymore.

REALITY: As long as the federal government commits to making the payments, it can always afford to support these programs. What matters is our economy’s long-run capacity to produce the real goods and services people will need. (page 157)

By this logic [generational theft], the elderly are selfishly allowing the government to provide them with benefits in limited dollars, when they should be sacrificing their own interests so that those dollars are available for future generations. As we’ve seen, this is exactly the wrong way to think about government spending. It leads us to making decisions that are not only harmful to older people but to everyone. (page 174)

Constant attacks haven’t succeeded in undermining public support for entitlement programs, but they have undermined public confidence in their long-term financial viability. The anti-entitlement crowd loves to congratulate itself on its courage. But there’s nothing brave about attacking programs for the elderly, disabled, and poor, especially when there are rich campaign donors and billionaire-funded think tanks willing to reward them for their “bravery.” (page 179)

As chairman of the Federal Reserve, Greenspan knew that the Fed would clear any payment that had been authorized by Congress, just as MMT [Modern Monetary Theory] shows. All Congress had to do was commit to funding the program, and the money would always be there. (page 182)

You and I could never run our finances that way. But that’s because we’re currency users, not issuers of the currency like Uncle Sam. (page 185)

According to Barry Anderson, the top civil servant in the While House’s Office of Management and Budget (OMB), “very few if any of the academics or analysts who comment on Social Security have the guts (or perhaps the knowledge) to recognize this fundamental fact.:” For those who lacked either the courage or the knowledge to champion the simple solution – just grant OASI and DI the same legal authority that already given to SMI. (page 186)

Since the trust funds comprise almost entirely nonmarketable, interest-bearing government bonds, why not make sure those bonds pay enough interest to keep the trust fund balance as large as necessary to satisfy the accountants? If the bonds p0aid out 25, 50, or 100 percent interest, the trust fund balances would explode, and the whole “problem” would disappear forever. (pages 186-7)