Funny you talk about education because I was just looking at some graphs on different expenditures.
Education appears to be the most inflationary sector in our society.
Then I looked at nursing homes. They had an 8.5% inflation rate back in the 2010s. No telling what it is now.
This is obviously going to end badly as we are already bankrupt and nobody seems to acknowledge that fact.
“This is obviously going to end badly as we are already bankrupt and nobody seems to acknowledge that fact.”
It is the federal govdernment debt that is the big problem, more than debt across the nation overall. And there are some things that could be done to actually reduce the federal debt, and they would be huge changes, but most likely our political class most of all lacks the will to agree to them.
1. We can eliminate some whole federal departments, taking those savings for several years to help pay down the debt, with them annually budgeted as such.
2. We can sell - to U.S. citizens and U.S. companies only - millions of acres of federal lands, much of it containing fossil fuel and mineral depostits as well as arable land private owners could farm as well as land that could welcomly be developed by private owners and investors. We can take 100% of the proceeds to help pay down the debt, using it for nothing else.
3. We can reduce the budgets of all necessary federal departments, other than defense, by an across the board 10%, using all of that for several years for paying down the federal debt, and budgeted so.
4. 1 and 3 could be modified once the federal debt reached a specific ratio with the GDP, but kept in place as part of the federal budget until then.