I believe a portion of the problem is inflation numbers are being hidden. The FED is 'out of bullets' to fight the actual numbers. Fantasy is the new rule of thumb. Accounting is a tricky business. One minor correction, on the books is never minor, when the actual numbers are hidden. Cuts have to be deep. Departments should be eliminated. Duplication by different agencies should be eliminated. Trouble is, initially unemployment would rise. This would be good for the long run, for eventually our financial house would be put in order. In the short run the government would have been found out for the irresponsible idiots they have been and are. Much larger problems are hidden, so for the short run nobody is willing to tell the truth concerning the actual debt. In the long run, it would be better to come to reality, instead of living in fantasy. I do believe the people in charge prefer fantasy, for as long as fantasy or illusion can be cast as reality. This keeps the system generating on course toward the eventual train wreck. People are fed, children are not awaken to horror, the old are taken care of, and so many other things take place and life appears good, while the undercurrent takes all the people into deeper water unexpectedly, where being forced to swim will be an unknown to the masses. This is only my opinion.
I realize I paint a horrible picture with my words. I pray everyday this does not happen. I probably should not type my thoughts, for some have told me, your words bear eventual reality. This nation has always been in uncharted waters, yet this nation has always weathered the storm. The storm does appear to lay just ahead for our nation. I sense little to no help coming to aid our nation. May I be wrong, and God will help us once more.
Before I posted my precious comment I had “gloomy” in the place of “chicken little-ish.
I don’t think any who cares to look at these numbers and is good at figuring these kinds of things out with spreadsheets can help but be a gloomy.
So let me ask you this, given that we are headed on a path that is only accelerating and not enough seem to want to stomp on the brakes hard enough to stop this car, let alone reverse it, what are you doing?