I think even that would likely to - at best - delay the impact of the larger problem.
Deficits keep getting bigger and that simply cannot continue forever.
We need spending cuts - even pretty damn radical ones - and we forever get nothing but the opposite, regardless of who is in charge.
It simply cannot continue.
Wars are expensive.
Yup. We are still operating on Pelosi’s budget numbers along with the embedded COVID spending sent to states because of the continuing resolutions. Congress is less afraid of cutting a dollar of spending than they are of maintaining $2 trillion deficits.
It simply cannot continue. It will continue as long as the market believes they can be paid. Has anyone asked DSA how they will address the deficit? The interest payments are a problem
I had hopes we could address spending with DOGE. But no one was serious. I do think we’ve crossed the Rubicon. A2029 crash?
We need sound money.