3 ms·

She did a podcast interview about 8 weeks ago - and (somewhat) qualified her stance. "I don't think anyone should take away from this, though, that there's not

She did a podcast interview about 8 weeks ago - and (somewhat) qualified her stance. "I don't think anyone should take away from this, though, that there's nothing that can be done about our debt situation... I think there is a path or set of comprehensive fiscal policies that would raise taxes, cut spending, and enact meaningful entitlement reform -- if you put together a package such as that, you could write down a path that stabilizes debt over the medium-term." https://www.youtube.com/watch?v=n2MxQALSOeE&list=PLznI5J0QOR3MZLzS7MC4_SbBYuXbnPLqV&index=1 https://www.youtube.com/watch?v=n2MxQALSOeE&list=PLznI5J0QOR...

OutOfHere 2y ago
I am so sorry, but while all this is great, the long term trajectory of the debt is still exponential. Nothing and no one can change the trend, although they could delay the end result of financial collapse by a decade or two at most. The end result is built in to the debt based nature of the instrument.
- spwa4 2y ago
  Given 4% average inflation, it is not a problem. Exponential with a factor lower than 4% (per year) is fine.
  - OutOfHere 2y ago
    The debt grows much faster than 4%, at least at 8%. This is despite the paid interest growing at 7% if I am not mistaken.