We are like Wile-coyote who just ran off the cliff—hanging in the air. The end result is not in question. We are simply paused for comic effect.
I’m starting to wonder how some of ‘youse guys’ survived 2007-2009.
I did just fine.
This is different. The excessive spending has got to be financed, and that is going to cost a lot. As the government rolls over its debt, they will pretty much triple the interest cost.
If you live within your means—with minimal debt…you will be fine. If you leveraged your car, home, and every day expenses, it might get a little tight.
It’s not the end of the world. It’s just a can that has been kicked down the road for a few years.