Subject: Re: The Debt Destiny
WTH has a great post there.

However, it will have to come down to everybody abdicating ideology.

Defense cuts as WTH said? YES!

BUT those 'defense jobs' that will go away...... doesn't that mean replacing people who have health insurance, pay taxes, where they stop paying taxes, and TAKE from the treasury versus contribute? YES it does.

So while it isn't eating rocks for a few decades, it isn't quite eating oatmeal either - -it will be more severe than that.

We can say 'top 0.1%' - - but if you look at anything from robust spending on DoorDash, Mid-Range restaurants, New Cars, Designer brands...that isn't just the top 0.1% or even top 1% - that is people you see every single day. The billions in sports gambling? That isn't just musk and buffet....that's the tattoo'd putz at Chipotle going into credit card debt because he's too cool to brown-bag cold cuts. And that encapsulates culture. Financial Culture. Anyone remember when we were kids? Going out to eat was a treat. New Cars was a big deal. Gambling every day on games? Bullshit, it wasn't so mainstream. Forget eating out, BUT delivery charges on some app? Nope, wasn't normal. Ok

The merry go round is gonna have to slow down not just for Mr Musk or Mr Buffet, but the guy making 200k 150k(ahem, hit a nerve ?) and sadly for the guy making $50k also.

EVERYONE - individual and corporate - will have to give more, and take less.

Give more, and take less in return.

Imagine that one.

That is the only way out.