In my view the US govt is like the family in 2007 riding a wave of false prosperity based on maxxed out credit cards and helocs on a house with negative equity.
It can’t end well....
But they don’t think anything bad is going to happen because not much has happened to the irresponsible big spenders they know.
Credit card debt? File bankruptcy and that’ll all go away. (I know someone on their third bankruptcy. It’s just a get-out-of-jail-free card to them.)
Can’t afford the house? The government will force the lender to let you stay.
Sheesh, they see people that have never held a job in their lives with plenty of food, heat, medical care and enough cash for tattoos and booze.
What could possibly go wrong? Big Daddy has always made everything okay so far!