[mythrwy]

Here's the other option. Pay the promised pensions and inflate them away. Since this is a growing national problem, I'm guessing that solution has at least been considered.

[jacquesc]

Not politically feasible. Older citizens tend to both have a lot of savings, and vote. They would not allow this to happen.

[WardenUnleashed]

Inflation isn't something you can vote on, no?