5 ms·
Guys, we have predictable problems -- namely deficit. And "unpredictable" problems (such as covid and the great financial crisis). So I think US cannot even con
by starchild3001 1y ago
Guys, we have predictable problems -- namely deficit. And "unpredictable" problems (such as covid and the great financial crisis). So I think US cannot even control the predictable problems that are within our control. What do you think will happen when the next unforseen crisis hits? Sadly, the government's main responsibility is to minimize the likelihood and cost of so-called "unpredictable" problems, yet through the actions of DOGE and similar regulation cutting zeal we're only increasing their likelihood and making the outcomes worse. Moody's is doing us a favor by calling our debt A- (or whatever), it's in fact junk at this point. We're one crisis away from complete bankruptcy, which is bound to happen thanks to reckless governance.
PS: See how Clinton/Bush Jr's deregulatory policies were a major contributor to the great financial crisis. See how Trump took over a pandemic playbook and office from Obama, only to disband it upon arrival. If the federal government won't even try to protect us from systemic risk, who will?