>The full shock of monetary tightening by the Fed has yet to hit. A great edifice of debt faces a refinancing cliff-edge over the next six quarters. The Republ

>The full shock of monetary tightening by the Fed has yet to hit. A great edifice of debt faces a refinancing cliff-edge over the next six quarters. The Republicans initiated this with the ridiculous "Stimulus Checks". Trump actually had a good piece of advice: Cut the payroll tax instead... but you know, Orange man bad, rawr. Stimulus Checks ended up pretty much doing nothing and the incredible inefficiency/overhead in which they operate pretty much had the inevitable outcome: stupid amounts of inflation. And it could have stopped there, but once the Democrats rose to power, and despite the pandemic largely being over AND the economy escaping just fine, they wanted to make sure their names got on a few stimulus checks too; being infuriated by Trump's ego and having his name on all over the checks. Furthermore, a Democrat controlled house and senate being granted absolute blanks checks spending money on absolutely stupid stuff, but buying out/repaying important donors (For instance, Comcast, who can now collect $50/month per subscriber on reservations) and an inflation "reduction" act that was a self-titled joke. While I think this article is alarmist, we do continue to drive ourselves off a cliff. The latest piece of stupidity echos 2008 where "credit scores are unfair" (categorically impossible, but ok) and good borrowers are now being forced to subsidize poor behavior... all of this being done in the most sketchy of channels via PMI. Honestly, it's too risky for either party to be completely to have a majority. They're both self-serving muppets trying to extract as much value from the taxpayer while stabbing them in the back. Their only loyalty is to their net worth while the rest of us are _literally_ forced to support it or face jail time.