“Use 10 year periods, not 10 month periods. And yes, there have been volitale times just like we have today during the last 10 years.”
Name me a time, other than the past two years (and WW2), when deficit spending equaled 40% of government spending. In fact, name me a time when it equaled even 20%.
You seem to fall into the trap that all the economists fell into with the housing bubble - that being that there could NEVER be a collapse in housing prices (nationwide) since there has NEVER been a collapse. Same trap in 1990 when we were CONVINCED that Iraq would NEVER invade Kuwait...why? because they never HAD invaded Kuwait.
You have to look stop looking at the past and add up the numbers. We’re talking trillion dollar plus deficits forever, along with hundreds of trillions in unfunded obligations (i.e., SS and Medicare)...that CANNOT be maintained and we will and MUST collapse.
There really isn’t any other end-game...just like there wasn’t when housing started pushing 10 times average income.
You are pretty much down on America. I am merely down on DC. The idiots in DC will be replaced next year. America, being the best job creators in the world, will pull through once the shackles are taken off our economy. Collapse is not inevitable.
But thanks for explaining yourself. At least I know where you are coming from.