Why?
What makes $30 trillion worse than $25 trillion or $20 trillion?
Both parties are complicit. There's still plenty of road to keep kicking the can.
Both parties are complicit - that is true.
But I do not believe kicking the can has ever been the answer, and is now approaching disaster - If we ain't there already...
The only thing that stands against that was the rocketing economy during Tumpy's first two years... That was largely accomplished by a corporate tax reduction, the illusion of regulation reduction, and riding the coattails of a bunch of printed money... That temporarily offset the inflation cycle caused by Obummer, and everything took off like crazy.
That's a pretty typical trick - and it gives a temporary reprieve. And it worked a charm. When Reagan did it it lasted near twenty years. When Tumpy did it it lasted hardly two.
And that it worked at all shows a certain... elasticity... still present in some quantity. Some small quantity.
Managing that in an ebb and flow cycle across a decade might still buy us out. But the chances of a responsible management is a pipe dream, the same as any other addiction. We are damn close to cold-turkey and nothing else will do.
When that free money trick cycle is returning to inflationary cycle in less than two years, soon it will be incidental enough not to matter. When we hit that, the goose is cooked.
