Most likely, the bulk of the solution will come through debasement and stealth default. Real inflation plus manipulating the official inflation numbers to default on a part of inflation adjusted obligations like TIPS and social security.
Most likely, the bulk of the solution will come through debasement and stealth default. Real inflation plus manipulating the official inflation numbers to default on a part of inflation adjusted obligations like TIPS and social security.
And while the notes above are my observations and thoughts, they are not something outlandish or wrong. Sociologists have also noticed this effect, it even has its own name and studies:
This idea that a social security haircut is necessary to solve deficit issues has been a very successful Overton window shift by the right.
I suspect you’re right though. My fear is that systemic failure will happen too quickly for a reaction to the initial worsening. I worry we’re nearing a precipice where our debt will be unaffordable if our credit gets downgraded a couple decades in the future.
Maybe the trick is to not tell them about your plans until after their vote? That's how this admin got a lot of their projects done after all.
The reality is that he promised so many things to so many people that no matter what he does it can be spun to look calculated.
Regardless, from a realpolitik point of view, it's easier to remind people that are not getting what they wanted and were tricked, rather than try to convince them they were wrong this whole time.
Fact is, people accused of "Trump derangement syndrome" actually predicted his rule. Very accurately. It was visible and clear. It is just that it feels better to pretend it was not clear.