Comment by analog31
21 hours ago
>>>> the knots of fractal bureaucracy
Just being triggered by this phrase, the ideas that business as usual is unsustainable, and that the bureaucracy is unworkable, are articles of faith.
21 hours ago
>>>> the knots of fractal bureaucracy
Just being triggered by this phrase, the ideas that business as usual is unsustainable, and that the bureaucracy is unworkable, are articles of faith.
Prolonged deficit spending is by definition not sustainable.
We have been doing that for about 25 years but can’t continue indefinitely. Especially not with higher interest rates.
Government has objectively gotten worse despite massive tax revenue and is involved in a lot of endeavors that are well outside its scope IMO.
As just one of many examples: Just try to build a house pretty much anywhere and you will encounter fractal bureaucracy. This is during a nationwide housing shortage and many societal ills can be directly linked to housing costs!
Our national debt looks like a hockey-stick: https://fiscaldata.treasury.gov/americas-finance-guide/natio...
And we spend about as much money on the debt as our entire bloated defense budget!
I was going to say 40 years, which is roughly when the Reagan administration gave up on promising to control the size of government. There's a question of when unsustainability has gone on for long enough to be regarded as perpetual.
The housing supply in my locale exploded during the run-up to the 2008 crash. Acres and acres of land got turned into spec neighborhoods. There were multiple hi-rise condominium towers going up within eyeshot of my house. In fact, my dad remarked presciently: "Condominium construction is a traditional indicator of the end of a housing cycle."
I was thinking back to when Clinton balanced the budget.
And yes I directionally propose that we should build houses until property prices fall and then build some more.
The housing crash was funded primarily by the govt. Loans were being made because of govt policies that never should have or would have been made otherwise!
2008 was devastating because it made us stop building housing due to speculative price manipulation of securities and again the govt being in a business it should not have!
https://threadreaderapp.com/thread/1880048376349356050.html
Federal agencies and civil servants didn’t create the deficits. Federal agencies don’t pass laws, they interpret the laws and set policies to meet the requirements of the implementation of the laws.
If you want to change how the government works, you need to change laws. Yes, government can be more efficient and effective, but blaming and firing civil servants is just scapegoating.
It would be like blaming contractors because you can’t build a house where you want, or hate the architect’s design or feel limited by zoning laws or construction codes.
The problems you identify are with the lawmakers, not the law implementers.
So why are Republicans pushing for tax cuts and increasing the debt ceiling by 4 trillion?
It’s not about the deficit.