Neither party will EVER cut the spending!!!!
Why? We have to cut spending, why can’t they?
Because we are a fiat currency, and it NEEDS debt, a constantly growing and NEVER shrinking debt, to survive.
That is why. It is not pretty to be at this point of a currency based only on the power to tax. That is the only thing holding up the US dollar. NOTHING else.
So, why should either party stop it??
Why should they cut back on their ability to buy votes??
AH!!! They aren’t going to stop.
A fiat currency is just like a shark, it needs a growing debt to stay alive.
They will never cut the spending.
I wish they would, but they won’t. The die was cast, with a dem majority, giving this nation the FED, in 1913.
THAT is the root of the problem.
So debt is held primarily by the Fed and not bondholders?