This is a stupid headline. What exactly do we owe? Medicare? Social Security? OK, let's say we don't owe it anymore, are sick and poor seniors going to magically disappear? Maybe in a Republican dream, but in the real world, we are still going to have to take care of them, so you are simply going to transfer a liability from Social Security and Medicare to others.
Whats going to happen when debt payments, medicare, and social security make up 100% of the budget? Its going to happen, I believe the current estimate is sometime in 2030's if things don't change.
Medicare liabilities is the single largest problem the US has.
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