"For meditative purposes, what follows is a partial list of reckonings, which are presently lost in a state of suspended animation:
Most call for smaller government, as long as their entitlement payments are not restricted.
A majority distrusts the government, until the economy contracts and they need a federal bailout via a cheap interest refi.
Everyone says they’re for free trade [lower prices], before (not after) their job’s offshored to China or Vietnam.
Everyone wants safe and state of the art infrastructure, as long as their taxes aren’t raised to pay for it.
Many with some wealth despise inflation, except when it’s inflating their stock portfolio or the price of their home.
Most investors deride the ills of government deficits until they’re faced with the prospect of fiscal austerity.
The masses and those who profit love cheap credit, but only up to the point where it provokes a mass debt default.
Everyone wants this, but they also want that… though only if it’s on someone else’s dime… and on and on.
Federal spending, as a percentage of the economy, is about 22 percent.
The DOGE bros – Elon Musk and Vivek Ramaswamy – want to slash $2 trillion from the budget.
= Economic downturn
When everyone goes broke and the economy slows to a standstill, the people and the politicians will squawk and shriek in unison. They’ll demand for the government to ‘do something.’
After that, things will get especially nasty."
MN Gordon
