Local muni, city, county, state and fed govts dont have the stomache for making Needed cuts
Because the markets are printing near all time new highz... They will keep spending, fvck the middle class with another pay roll tax hike and inflation (that doesnt exist), and leave the billionairez alone.... They will squabble about meaningless topix, cry foul when the markets tank, and then make draconian cuts az the s&p prints 450 and bernanke iz long ran out of bullets. Welcome to greece dieckwadz.
Those controlling financial assets are leading us toward Cash's "Revolutionary Situation" rather than making the changes that are necessary to put us on a path toward LT stability. It's time to end the trading games and refocus capital on productive investments again, else the future (which could be just fine if our capital wasn't all tied up in financial scams like this one and was instead directed toward the technology, infrastructure and energy investments required to maintain domestic QOL) will be unnecessarily bleak.