There are no political solutions to this nation’s problems. Politicians of every stripe refuse to fix anything.
I believe a total collapse is coming. It may not be for a few more decades, it might be in a few years, but this nonsense will have serious and disastrous consequences. Conservatives need to prepare for surviving it in the hopes that our domestic enemies mostly don’t.
I pretty much agree. My own projections on when the interest on the debt MUST overtake the entire budget was somewhere around 20 years, assuming they continue to pay only interest on the debt and continue borrowing 40 cents for every dollar raised.
Obviously, the crisis will hit before that happens. I give it a decade.
The only politician’s way out that they’ll consider is what every crook politician ever caught in that trap tries: hyper-inflation. The way I see it, they have to make it hit so fast and so unexpectedly that foreign lenders don’t have a chance to protect themselves.
That will generate a war or a century of poverty and ill will.