4 ms·
So I used to wonder about that. Eventually, I realized that is is actually a considered strategy. After 1T+ deficit becomes a problem, Rs will be able to say, w
by A4ET8a8uTh0 7y ago
So I used to wonder about that. Eventually, I realized that is is actually a considered strategy. After 1T+ deficit becomes a problem, Rs will be able to say, well, we gotta cut entitlements. For the good of the republic ofcourse. It helps that both steps align with their real constituency.
- bb88 7y agoThat and we gotta protect the wealthy by creating a deflationary currency: "Gold Standard!"
- nine_zeros 7y agoInflationary currency. We are printing more and more money already. Dealing with 1 trillion in deficits every year will be quite something
- bb88 7y agoTax the rich? I mean that's where the money is.
- lukestevens 7y agoIndeed it is, and a multi-decade long strategy at that: https://en.wikipedia.org/wiki/Starve_the_beast https://en.wikipedia.org/wiki/Starve_the_beast