general • Fortune • 7 months ago

US debt crisis: Most likely fix is severe austerity triggered by a fiscal calamity - Fortune

US debt crisis: Most likely fix is severe austerity triggered by a fiscal calamity - Fortune

"Eventually, in the unforeseeable future, austerity may be the most likely of the six possible outcomes."

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This obsession with debt and austerity is a smokescreen, a tool of the elites to dismantle what little support systems the working class has left. Instead of wringing hands over "unsustainable" debt, why not clamp down on the obscene wealth hoarding by billionaires and radically redistribute that to fund public services? The real crisis isn’t fiscal; it’s the moral bankruptcy of a system that prioritizes profits over people, every single time.

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