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by SavageBeast
489 days ago
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"I'm always surprised to see a fair amount of support for DOGE here. I'd love to understand why these people think this is OK." So consider the guy who makes $100k/year and spends $200k/year. Over the course of enough years what must inevitably happen here? I think making financial decisions to avoid what amounts to bankruptcy is OK. Now, the US wont ever go "bankrupt" or "default" of course, but it will absolutely print money to service the debt on its bonds. Bond holders tend not to like that and sooner or later will demand higher payments in exchange for the use of their money thus increasing our "minimum monthly payment" on our giant credit card. Sooner or later we get to a death spiral situation - nobody knows when that will be or what set of circumstances will trigger it - and when/if it does finally happen it will somehow take everyone by surprise. Nothing is so surprising as the inevitable when it finally occurs. |
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But I would have thought there would be a less chaotic way to go about it.