As long as the US maintains the western worlds largest military, I don't see the government being pressured to do much of anything remotely close to dealing with the problem in a long term (and likely painful) way.
If that power ever gets displaced, it'll tank the US quickly. As soon as the US loses its privileged status (something Trump is rapidly deteriorating) this becomes a serious burden that will require some serious policy decisions, of which most will be unpopular. It'll likely be cuts before tax increases, because even when facing the worst economic situation, neither party wants to pass meaningful tax increases.
I think we have at least a few more decades, but if we aren't the western worlds de facto military there's significantly less reason to let this house of cards go on.
We'd be better off dealing with it while we are still in a relatively privileged position, but no economic class wants the tax increases it will take just to get the debt into a manageable state.
As for no party wanting to deal with it, that is partly true. I think some Democrats actually want to deal with it, because they're much more comfortable proposing tax increases, but they don't have sway in the current leadership of the party.
As long as the US maintains the western worlds largest military, I don't see the government being pressured to do much of anything remotely close to dealing with the problem in a long term (and likely painful) way.
If that power ever gets displaced, it'll tank the US quickly. As soon as the US loses its privileged status (something Trump is rapidly deteriorating) this becomes a serious burden that will require some serious policy decisions, of which most will be unpopular. It'll likely be cuts before tax increases, because even when facing the worst economic situation, neither party wants to pass meaningful tax increases.
I think we have at least a few more decades, but if we aren't the western worlds de facto military there's significantly less reason to let this house of cards go on.
We'd be better off dealing with it while we are still in a relatively privileged position, but no economic class wants the tax increases it will take just to get the debt into a manageable state.
As for no party wanting to deal with it, that is partly true. I think some Democrats actually want to deal with it, because they're much more comfortable proposing tax increases, but they don't have sway in the current leadership of the party.