/——/ I should have been specific. A 10% cut across the board in discretionary spending. Entitlements can be trimmed by aggressively eliminating fraud and waste./——/ Actually, driver training teaches us to take our foot off the brakes and steer into the skid to regain control. A simple across the board spending cut of 10% would retire the debt in a few years.Don’t be concerned. Trillions are handed out to the ultra wealthy.i used the first stimulus check to pay for materials to build a built-in in my house. i plan to use a second, if i get it to help pay for a new kitchen in my rental property.
i'm not a huge fan of just handing out money. i have serious doubts about, all of this. but if they are handing it out, i will spend it to contribute to the "Stimulus" effect they are going for.
that is part of my reasoning.
more and more, i am coming to believe that the debt, none of the debt, our or other governments, will really be paid off.
we are in a unsustainable situation, and there is no reason to expect anything other than some form of crash and burn.
like when bob and doug mckenizie lost control of the beer truck, on icy road.
"no use steering now".
spending cuts are impossible due to unfunded entitlements.
hell, a spending freeze is impossible for the same reason.
and changing that, in a democratic system, with a greying population seems to be impossible.
hell, DISCUSSING it openly, seems to be impossible.
it seems to be an inherent flaw in the concept of the current model of the liberal nation-state, across the board.
if not worse than that. i believe that illiberal authoritarian states have similar issues, such as russia and china.
discretionary spending is not the problem. unsustainable entitlement growth is.
fraud and waste is not enough. we have pension systems that were set up when the populations were still majority freaking farmers, and based on the assumption of ever growing populations.
now, we have a declining population.
no use steering now.