trimming entitlement is tricky, as the romans found out later in the game of entitling
entitlement slashing, when entitlement flow accounts for 60-70% of the annual flow, would be a lot like doing open heart surgery on a 99-years young man who also suffers from other complications such as but not limited to diabetes, anemia, liver failure, etc etc, iow i cannot think of a single case of systemically sustainable success - layer-in stuff like eventually rising interest rate, ethnic this and that, classes whatever else, intergeneration grumbling, etc etc, and worst of all, systemically incapable leadership selected via coke-n-pepsi mob rule - think india
also, remember, one man's entitlement is another's tax, and in a 1 vs 99, 2 vs 98, 3 vs 97 ... 50 vs 50, complications arise
early days, as there is not even a recognition of the issues, given the highest leadership preaches "debt does not matter", so i am figuring more like 14 years as opposed to 72 months
folks sometimes make the error in thinking that my macro posts are politically / geopolitically biased, whereas all i am doing is math, physics, and chemistry, iow, hard science
let us watch n brief |
