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Chartertopia's avatar

There's another factor I had forgotten about: fiscal reality. Half the yearly deficit now is interest on the national debt. Almost nobody in politics, especially including Trump, has shown any seriousness about cutting back entitlements (pensions and medicare). DOGE is fun and worthwhile, if only for showing what nonsense taxes pay for. But that's not going to reduce spending any appreciable amount.

At some point, the government won't be able to borrow any more, and it won't be able to make interest payments by borrowing more. Something's going to give. Five years, twenty five years, no one knows.

When it does, spending will have to be cut, drastically. It won't be national bankruptcy or economic collapse, but it will be the end of borrowing and time to get serious. I don't think it will matter which political party is in power at that point.

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Dan F's avatar

The hair on the back of my neck stood up when Trump and Musk called Zelensky a dictator. As an European, perhaps I am granted a privileged position to see how bad this administration is. To be fair, I would have voted for Trump, both due to my ignorance, and due to, I believe, how difficult (though not impossible) it was to predict that Trump II was going to be so different from Trump I. The clock is running now for the American people to realize how many of their hopes were false promises. As I said before, I see very positive consequences of this government to Europe, but we lose more than we gain if the US is not able to get back to a healthy state.

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