We know it, and they know it, but the sheep don’t know it, and that’s the key. No reason to do anything unpopular (and visible) like raise taxes when they can just steal the wealth right out of our wallets.
DarthFluttershy_ on
Ya, and it will continue to be. The primary way the US will likely handle it’s ballooning debt is to reduce it via continuous inflation. I expect the 2% target to get revised upwards in the next decade or so under some harebrained excuse or another (or else just a series of crises to excuse not hitting the target). It’s not good or a permeant solution, but it’s subtle and therefore politically viable unlike cutting entitlement spending or defaulting. So expect this to get slowly worse and worse over the next several decades.
2 Comments
We know it, and they know it, but the sheep don’t know it, and that’s the key. No reason to do anything unpopular (and visible) like raise taxes when they can just steal the wealth right out of our wallets.
Ya, and it will continue to be. The primary way the US will likely handle it’s ballooning debt is to reduce it via continuous inflation. I expect the 2% target to get revised upwards in the next decade or so under some harebrained excuse or another (or else just a series of crises to excuse not hitting the target). It’s not good or a permeant solution, but it’s subtle and therefore politically viable unlike cutting entitlement spending or defaulting. So expect this to get slowly worse and worse over the next several decades.