Comment on Its still possible but harder with each passing generation

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sj_zero@lotide.fbxl.net ⁨2⁩ ⁨years⁩ ago

I'd be the first to admit that we need a lot less government, and a lot less people sticking their fingers in our lives. My prediction is that the government must collapse soon and shrink, because we're coming up against hard limits to the amount of spending and debt a government can do. The rule so far has been doubling the debt every 10 years or so. that being the case, you'll see 64T of federal debt, and at that point you're well into a sovereign debt crisis.

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