It’s probably worth noting all of excess in US government spending that needs to be cut, will create a dangerous feedback loop and likely deflationary spiral because all of those excess jobs are also spending, buying homes, eating out, traveling, spending on marketing etc. When they stop/slow down - and then require social assistance - debt as a % of gdp screams higher.
Ie - That expansion of government and regulation is a direct consequence of manipulated markets trying to stop the natural deflation in free markets but also an integral part of them - robbing more jobs from the free market, and misallocating capital everywhere.
In other words, it’s going to be messy!
The debt needs to come down first and that means money printing and much higher inflation.
Or as nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a memes so effectively “Nothing stops this train”
In either event - #Bitcoin is your lifeboat.
You can't cut the debt without cutting spending. Salaries are a big part of the spending.
If you cut government employees and eliminate regulations at the same time, new jobs will be created to accommodate the former gov. employees. This will decrease the negative impact of mass layoffs.
This is based on the assumption that you have no control over your income. I understand taxation is an unpopular subject on nostr, but it's a simple fact that the individuals who benefit the most from a well-funded society (educated workers to generate their profits, quality police that protect their profits from domestic threats, an effective military that protects their profits from international threats, skilled medical workers to keep them alive and healthy...) also tend to have the most income. The vast majority of us could remain relatively untaxed if we only had the balls to demand that those who benefit the most from a structured society contribute substantially to supporting it.
