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35 sats \ 4 replies \ @Undisciplined 30 Dec 2023
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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286 sats \ 3 replies \ @shado_op OP 30 Dec 2023
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25 sats \ 2 replies \ @Undisciplined 30 Dec 2023
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.
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286 sats \ 1 reply \ @shado_op OP 30 Dec 2023
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25 sats \ 0 replies \ @Undisciplined 30 Dec 2023
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.
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25 sats \ 1 reply \ @xz 30 Dec 2023
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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0 sats \ 0 replies \ @shado_op OP 30 Dec 2023
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