A severe economic downturn is inevitable in the next few years if government spending isn’t curbed. The national debt is HUGE, as big as our GDP now and we have to pay interest on it. It’s getting more difficult for the Fed to stimulate the economy through bond purchases which they are now constantly doing. It used to be QE was only used in emergencies but now is constantly and stealthily implemented.
YES and agreed we must get our debt and monetary policy under control. But it could have been done without screwing citizens. Now I’ll rant.
If only GW Bush and Clinton were was awake at the switch and defended the USA against the 9-11 attack by 20 Arabs from a cave in Afghanistan, we’d have saved many lives and many trillions. And if only we had kept the housing market under control. Trump talked about that in his campaign but never again. And if we put in place strict punishment for corporate fraud and those like the Oxycontin Sacklers as a deterrent.
Instead we have become a nation where spying on citizens and security are now centric, while our borders etc are still somewhat porous. We are a different country, and one where justice is no longer justice. A Dem as POTUS would destroy us.
Too bad we never go back and put politicians etc where they belong. But they say we must look forward and never backward.