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Most serious issue facing the US - period. Why? Because without economic growth, serious economic growth, the near insurmountable entitlement debts facing Muni
by rrggrr 9y ago
Most serious issue facing the US - period.
Why? Because without economic growth, serious economic growth, the near insurmountable entitlement debts facing Municipalities, States and the Federal Government will result in massive tax increases, huge cuts in services, social unrest, and perhaps the largest sale of public assets to foreign investors - ever.
While Democrats and Republicans in Congress allocate 99% of their time to undermining each other, the new President, and infighting in their party, the US hanging by an economic thread. They do this because its the divisions that stimulate campaign donations, not common ground.
Our political-economic system is broken because the short and medium term incentives are aligned to rhetoric and action that tears people apart - on both sides of the isle.