***Big tax increases can’t happen because they will destroy the economy. And significant reductions in spending, especially transfer payments, will have the same effect if made too abruptly. Other countries have caught on to our game, so the most likely track involves increasing the money supply.***
Unfortunately I agree with you. Plus the likelihood of government making itself smaller is next to nil. Why cut spending or raise taxes when you can print the money?!
“Why cut spending or raise taxes when you can print the money?!”
Because you’ll cause economic hardships that some little man with a toothbrush mustache will use to slam democracy.