Oh, I agree. We have to start somewhere. It's just such a deep hole we're in, that real progress is going to hurt, economically speaking.

tbh i dont see a big issue with the fed reducing its balance sheet gradually if the economy keeps going at the current pace for another 3-4 years. in that time, they can get from the current 4.5 trillion to something like 1-2 trillion.


the bigger issue, in my opinion, is the federal debt. ever reducing those 21 trillion will be the real pain. heck, even bringing down the growth rate of the public debt will be a real struggle.

Abolishing Social Security and Medicare is the only solution.

nah, the long-term cost of letting millions of people fall through the cracks is higher than providing a minimal amount of social security and health care. violence, crime, reduced productivity due to health-related issues, and so on.

I'm not an american, so I dont know the specifics, but limiting the benefits to the bare essentials should narrow down the costs substantially, as should cuts to the entitlements.

People were less likely to fall theough the cracks beforehand because prices were a lot lower

someone has to take the brunt - in some ways it makes sense to try it during a period of tremendous growth and consumer confidence. may provide enough wiggle room for actual cleaning up to occur.

but no one wants the blame for slowing down things - thats why the last several fellas who were President just kicked the can and said tag you’re it to their successor.

donald drumpf reeeeeeeeeee

Yeah, that's the problem with can-kicking. It gets votes in the short term. But fucks the rest of us in the long term.

is this the biggest controversial thread that the first post hasn't been reported in yet

reported, btw