Nothing will happen until a democrat is back in office, then they’ll be blamed for it and told that we can’t help people who need it because the debt is too high.
This is a great time to talk about the Two Santa Clauses Theory.
My personal solution is one that is painful for it to be useful: The Democrats must lose big for at least another presidential cycle.
That is the only way for the Republicans to either find some actual morals — and fix the debt they’ve incurred and are incurring — or continue to burn it all down so bad their idiot voters finally feel the pain.
No democrats should save us for awhile or we are cursed to continue this cycle.
The problem is that as America descends into fascism, we need it to not be Republicans to prevent worsening of civil liberties, fiscal policies aside.
Honestly don’t think there will be another Dem anytime soon, they’re going to lock it down and gerrymander (at best) or martial law/disqualify votes/fuck around (at worst).
Regardless, they have a great system in place in the south they want to create in the north.
a) ignorant voters b) gerrymandered to fuck c) poorly educated (working really fuckin hard to get this in place) d) apathetic (this is already in place) e) to exhausted from working to pay too much attention (this is already in place)burn it all down so bad their idiot voters finally feel the pain.
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It won’t just be “their idiot voters” who feel the pain. It won’t even primarily be “their idiot voters” who feel the pain.
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“Their idiot voters” will be propagandized to blame the pain they feel on those who are already suffering the worst.
I’m not sure how insulated you are but plenty of non-idiots have been feeling the pain for a long time now.
The problem is the pain never seeps to the people that need it most as a lesson. My solution fixes that.
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It’s not so much the size of the national debt in isolation, but rather the cost to service the debt in relation to the size of the economy and tax receipts. People often say “Reagan proved budget deficits don’t matter”, and that is not entirely true. While it is true that you can run a 2% budget deficit indefinitely if your economy grows by 3% annually and interest rates are low enough to make debt service reasonable, problems arise when these conditions are violated. We currently have a budget deficit around 6%, and our economy appears to be shrinking or at least growth is slowing dramatically. Tariffs shrink trade and thus shrink the economy (see, the Great Depression and Smoot Hawley Tariff Act), and mass deportation also shrinks the economy, as it ejects the contributions of the deported people. In addition, as global trade with the U.S. falls, and the U.S. is seen as a less reliable partner, it’s causing countries to look to shift away from the dollar, and when combined with the fiscal irresponsibility of running large budget deficits, it makes the dollar much less attractive and raises borrowing costs. Accordingly, we are setting the stage for effective U.S. insolvency, and the only way out of it will be to print money to service the debt, massively devaluing the dollar, deleveraging the debt. Billionaire Ray Dalio has been pointing this out for a while in his books and on his youtube channel, and has lots of great content explaining this in the ELI5 format with animated videos. TLDR: the U.S. is running full speed towards a financial crisis that will make the 2008 financial crisis look quaint, and will lead to what I call “The Greatest Depression”.
The biggest most beautiful recession. People are going to suffer “biggly”
That’s their plan and it’s going well.
We declare bankruptcy!
- California secedes to save itself.
- It invites other states in with it. Not Texas.
- Lucrative deals with red states to haul and sort trash.
The US debt has been record high for decades…
The Treasury will put more numbers on a spreadsheet, because the US is a sovereign currency issuer
Nothing, because that’s not how money works.
