Agreed. We might well be reaching the end of “hide the sausage” fiscal policy. But, that’s being caused more by the rapid increase in interest rates. Service on the debt is quickly becoming too big to hide, or ignore.
Although, the media and the Dems are sure trying.
“Service on the debt is quickly becoming too big to hide, or ignore.”
Agreed—but debt service issues can be hidden for many months if the debt holders play along and don’t foreclose.
The financial world is like a circular firing squad—once the shooting starts everybody gets hit.