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Comment by timewizard | Hacker News Reader

> the dollar has been insanely overvalued post-COVID.

That's an odd way of saying the US doubled it's federal budget from $3T to $6T in response to COVID and has now ensconced this pork further into law. Under a "republican" administration, no less.

> The dollar losing its value is a return to the pre-covid norm.

Which is to say that even $3T contained an unjustified amount of debt spending just not as obscene as it is today.

> It's a high that can't last forever.

That's the "big beautiful bill" for ya.

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> Under a "republican" administration, no less.

Are you under the impression that this is surprising? Republicans are consistently the ones spending more when they are in power. It's time to dispel this myth that they are fiscally "conservative", they have presented more unbalanced/defficitary budgets than Democrats and the latter in recent memories are the only ones who managed to present budget with surpluses, under Clinton.

It's fairly obvious the reason he put it in quotes was because the Republicans and conservative movements claim to be all about "fiscal prudence and discipline", when in reality they're the ones responsible for the ballooning deficit.

It wasn't at all obvious if it was ironically poking fun at that claim or that they genuinely believed it.

Corruption has been compounding. Malicious business interests don't actually care which party has power. Just that they have access. It's telling that you have to reach back 30 years to find an example where the budget was balanced for one single year.

Right, because the guy after Clinton decided to cut taxes and start multiple wars that would last decades. You can do better than a gut "both sides" reaction.

Those "malicious business interests" clearly prefer the republicans, judging by how much more money their last campaign received from wealthy corporate donors.

But indeed, the dems are controlled opposition at this point. Most of them oppose progressive ideas, at least as much than the republicans.

It is a myth, there are only a few Republicans that organize around the concept of spending less.

Both sides of the gerontocracy are happy to improve their lives while not planting seeds for the future.

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