With a deficit of 7-8% of GDP in peacetime with full employment, and entitlements indexed to inflation, there is no politically palatable path to fiscal correction; elections worldwide show voters reward special-interest pandering over fiscal discipline
factualpending
Speaker
DoombergEvidence Quote
“I don't see the path out like and none of the political choices are very palatable and um if anything the the the la last election in the US and elections elsewhere in the world show that like the way to get elected offices is to to Pander to special interest”
Created: 8/11/2026, 7:18:45 AM
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