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This is part of what I meant by "political problem". People see the mainline deficit number without thinking about the underlying stocks/flows of the system. Th
by biophysboy 11mo ago
This is part of what I meant by "political problem". People see the mainline deficit number without thinking about the underlying stocks/flows of the system. There are feedback loops embedded in this that are unavoidably political (nobody wants to take grandma's retirement money). There's no "founder's mentality" that can avoid this basic fact.
- wolfcola 11mo agoExcept you blamed “entitlement spending” for the deficit, which the comment above clearly disproves.
- biophysboy 11mo agoI “blame” it only in the sense that it’s part of the negative cash flow, even if it has its own dedicated pool of cash. I don’t use the term “entitlement” pejoratively. But I am not a “panic about the deficit” guy. There’s a lot of trivial things we could do: rethink fee for service, negotiate more w/ providers, raise taxes, etc