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It is weird to me to have so many people complain about inflation and have so many people say that our deficits won't cause inflation. We have been hiding inflation for so long and it finally hit us. Unfortunately I haven't met a politician yet that will actually try to balance the budget. It is a bunch of spend more and cut taxes that win elections.

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Austerity is miserable. It does not win elections. Even if a party bit the bullet, locked in and fixed this mess, they would be handing both the credit for any success and at least the best few future elections to the other party. Our system seems designed to fail from some angles.

It is a similar thing with climate change to be honest. We have been spending at a pace we cannot keep up with. In my mind, of course we won't have the same luxuries as our parents, they bought that life with CO2 debt.

Bernie and other hardcore progressives will balance it, but the tax increases that would come from that will have everyone accusing them on being pinkos.

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