Massive benefits cuts, tax increases, and default.
Pick 2. You might get all three.
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Only two of the three will happen over the next few years.
Benefit cuts & defaults.
Taxes go down during a deflationary descent.(Which is just beginning)
Aren’t you overlooking currency debasement? The most likely scenario imo. It’s been ongoing for years.
Deflationary?
Nice planet you’re living on - where unicorns blow magical “deflationary” skittles out their asses.
Long term, yes.
But I am not going to bet we will make it “long term”.