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balajis
@balajis.eth
Internet 📈 Indians 📈 China 📈 DC 📉 Those are the four forces on the world as I see them. The Internet, Indians, and China are rising. DC is falling. And America is split between the American Network (rising with the Internet) and the American State (falling with DC).
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Cassie Heart
@cassie
What factors make you believe the american state is falling?
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balajis
@balajis.eth
It’s bankrupt. The state is making $2-4T a year with $175T in debt. So it’s not actually a rich country. It’s like a guy playing fake rich by maxing out his credit cards. Default is coming. https://open.substack.com/pub/balajis/p/americas-175-trillion-problem?r=2974h&utm_medium=ios
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Cassie Heart
@cassie
What would you consider the solution to pivot out of this? Assuming it is inevitable that america enters a default crisis, if you had control of the levers of action, what would be the next move?
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hella.base.eth
@swets
75% of ALL government spending goes towards “entitlements/benefits” such as Social Security- Medicare/Medicaid- etc. Me & you are paying into Social Security right now but we won’t EVER see a penny of it. It’s expected to dry up in 10 years, and yet knowingly the Boomers are still getting $2000 a month in Social Security checks? We cut the Welfare state, we cut back these ridiculous boomer “eNtiTleMeNtS”, fix the healthcare scam which is EVERY aspect of it, the list goes on.
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