America’s borrowing binge has long been viewed as sustainable because of historically low interest rates. But as rates rise, the nation’s fiscal woes are getting worse.
And? Those in charge don’t care. According to your own post, ten percent of all households in USA were food insecure in 2021. That’s a lot of people, but it’s “only” ten percent. The number can go higher - if needed to be.
Those in charge don’t care, but as material conditions continue to decline the country will plunge itself into social unrest. We’re already seeing that starting to happen right now. Sooner or later the whole house of cards collapses.
And? Those in charge don’t care. According to your own post, ten percent of all households in USA were food insecure in 2021. That’s a lot of people, but it’s “only” ten percent. The number can go higher - if needed to be.
Those in charge don’t care, but as material conditions continue to decline the country will plunge itself into social unrest. We’re already seeing that starting to happen right now. Sooner or later the whole house of cards collapses.
There’s plenty of room to go before any collapse.
That there is.