35 sats \ 4 replies \ @Undisciplined 30 Dec 2023 \ on: deleted by author econ
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?
deleted by author
reply
what may 'save' the US from it's gov debt issues is the fact that it may be worse elsewhere!
That always seems to be what bails us out.
There are two approaches I anticipate if things get dire, not in any particular order:
- Selective defaults under geopolitical pretenses, i.e. not paying China back
- Financial regulations requiring large pension and university funds to hold a share of treasuries.
reply
deleted by author
reply
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.
reply