So let's just do a quick thought experiment.
functionally, money laundering, money movement, asset movement is actually a formal business in a corrupt sector.
I know I could do it.
You have illicit actors who have billions of dollars at their disposal to be able to pay the best attorneys, the best accountants, the best ...
the goal is to be removing monetary accommodation and that should raise longer-term rates.
Are we seeing that?
But could we spend a couple of minutes just sort of looking at the headwinds that come to the next Administration?
How much actuarial math is happening at the Treasury Department saying, 'This is our future?'
We may be stronger than 7 years ago, but this is still crashing down upon us--
No, I need to correct that. And I know that is our script here, but that is not true.
But that gap--think about that gap. Today, the trust fund has what, $2.8 trillion? And we have burned through that principal in 14 years.