No president or Congress (no matter which party) wants to make the cuts necessary to fix the situation. And anyone that suggests making those cuts would be destroyed by voters.
So this is going to keep going until the house of cards collapse. There is no way to stop it politically. We have a country that is racing towards socialism and more government handouts.
It’s not sustainable. But no one can do anything about it.
I think you’re right. I don’t like it, but the fact that no politician says both “raise taxes and cut spending” means that they know you can’t get elected saying those two things at the same time.
Good post, I feel that you are 100% right. The only real question is, where will you be when it all comes crashing down.