And this is the axe swinging over our heads. While a number of these are working for the cut (cash under table) most of these I'm going to bet are govt dependents.
If interest rates start rising, and more and more of the budget has to go to paying the interest, it's social programs and military that will get reduced, because they make up the bulk of the budget. When the dependents get their govt payments downsized, it's not going to be pretty.
Structurally, our nation financially is in an extremely vulnerable if not catastrophic position to weather the next recession that would even be as bad as the last one, much less something worse and more long term.
