What a mess these people have gotten themselves into. And the mindset of “kick’in the can down the road” until it’s no longer the incumbents problem has led to all of this.
I don’t know what will happen in the future but I do hope that borrowing by governments to pay for projects today will someday end. Of all of the reforms I could imagine, “Cash on the Barrel-head”, is the second one I would most like to see.
The first of course would be, no more taxes on Property. That one tax system has nearly destroyed the concept of “private property” here in the U.S. of A. How can someone truly own their property if the Government can take it away for not paying taxes on it?
Keep kickin the can down the road stops working when you get to a really really steep incline