"Cutting the fraud" won't save a system that is structurally addicted to debt.
While the headlines focus on rapid government spending cuts, the math says we are past the point of simple fixes.
U.S. debt/GDP is sitting at 120%, and interest outlays alone are consuming over 100% of tax receipts.
Rapidly slashing the $1.5 trillion in estimated fraud sounds like a victory, but a sudden collapse in fiscal spending would trigger a recessionary spiral before the debt can even be devalued.
We are caught between a debt-fueled "sugar high" and a structural crash that no audit can prevent.
The fire is already inside the house.
You cannot put it out with gasoline.
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"Cutting the fraud" won't save a system that is structurally addicted to debt.
While the headlines focus on rapid government spending cuts, the math says we are past the point of simple fixes.
U.S. debt/GDP is sitting at 120%, and interest outlays alone are consuming over 100% of tax receipts.
Rapidly slashing the $1.5 trillion in estimated fraud sounds like a victory, but a sudden collapse in fiscal spending would trigger a recessionary spiral before the debt can even be devalued.
We are caught between a debt-fueled "sugar high" and a structural crash that no audit can prevent.
The fire is already inside the house.
You cannot put it out with gasoline.