There is a big difference between a country with its own currency (like Sweden and the federal USA) and a state like Illinois or a country member of the Euro.
Sweden can't run out of money. How many resources they decide to use in their old people is a political decision (taking into account economic factors like inflation and real resources available).
At the end of the day, this is decided by the current generation, so, this narrative of "jeopardizing the future" make not sense. The quality of life of the old people of the future will be determined by the real resources available in the future and the political will of the voters then.
Illinois can run out of money, so, it's not only if they have the will to give a good quality of life to their old people: they could be unable to do that. The reason the federal government could choose to solve the problem it's not because it has more money but because it can issue money.
Sweden can't run out of money. How many resources they decide to use in their old people is a political decision (taking into account economic factors like inflation and real resources available).
At the end of the day, this is decided by the current generation, so, this narrative of "jeopardizing the future" make not sense. The quality of life of the old people of the future will be determined by the real resources available in the future and the political will of the voters then.
Illinois can run out of money, so, it's not only if they have the will to give a good quality of life to their old people: they could be unable to do that. The reason the federal government could choose to solve the problem it's not because it has more money but because it can issue money.