You're right that neither of the likely presidential candidates have a serious long-term solution to the fiscal situation. Trump's "Drill baby, drill" is probably the nearest thing to a short-term fix (which isn't saying much), since it at least offers a possibility of real productivity growth overtaking the rate of inflation.
Do you think there are any politically feasible solutions to the fiscal problems of the US government?
The political issue is probably that all those big funds are operated by powerful special interests. That must create a pretty strong headwind. Otherwise, it seems like a political no-brainer.
You're right that neither of the likely presidential candidates have a serious long-term solution to the fiscal situation. Trump's "Drill baby, drill" is probably the nearest thing to a short-term fix (which isn't saying much), since it at least offers a possibility of real productivity growth overtaking the rate of inflation.
Do you think there are any politically feasible solutions to the fiscal problems of the US government?
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That always seems to be what bails us out.
There are two approaches I anticipate if things get dire, not in any particular order:
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The political issue is probably that all those big funds are operated by powerful special interests. That must create a pretty strong headwind. Otherwise, it seems like a political no-brainer.
That's nice to hear that India is holding its own. Wonder what are the main drivers of India's growth, or sustained economic activity.
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