As inflation became a problem in Venezuela due Hugo’s overspending on social programs, Chavez blamed businesses and tried to force businesses to pay people more to make up for the expense of the cost of living. Those that didn’t or couldn’t, he seized
You see that playing out here although Biden probably is not a position to seize people’s private businesses. But they are blaming business for inflation. Fortunately, the public isn’t buying it
Making the vitally necessary cuts to spending is going to be difficult because, as you see here, every spending program has a constituency that will defend it
These things always follow a predictable trajectory, precisely as you have laid out.
The only thing that will help it is austerity - maybe even extreme austerity by now. But that is the hard, hard way. Too easy to keep printing more money.
What is an astonishment is that there are purported 'conservatives' that don't care a whit about fiscal conservatism. They like big.gov and think they can manage it better than the dems.
This is a gross misdirection of conservative thought - A caricature and an artifact of many years of Moderate Wing control of the Republican Party. They truly have no idea how wrong they are. That is the surprise for me.
How does one call oneself a conservative without a small government mentality? It is the very root of Conservatism.