Government cannot moderate its debt accumulation by reducing spending or raising taxes because any contraction in government spending slows the economy, triggering private sector bad debt explosions that force the government back into bailout mode, which increases borrowing again—therefore the system is past the point where there is anything that can be done about debt growth and it can only accelerate.
causalpending
Speaker
John RubinoEvidence Quote
“if a government tries to scale back its borrowing which is to say if it spends less or raises taxes that slows the economy down and then you get all the the bad debt in the private sector starting to blow up”
Source
What If A Coming Recession & Bear Market Are The LEAST Of Our Worries? | John Rubino— Adam Taggart | Thoughtful Money®Created: 8/10/2026, 11:15:06 PM
My Notes
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