Vern Scott
1 min readAug 22, 2024

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Aside from Trump's echoes of Hitler (and possibly abolishing term limits & abortion rights, squelching alt. energy, changing elections, aligning w Putin, Project 2025 and other disasters), I'm struck with how populist both parties have become, with almost no concern over the national debt.

Someone wrote a Medium article the other day, about how the whole world is heading towards a major economic collapse. Other nation's deficits are worse than ours, foreigners are buying US debt thinking it's safe. With Trump's pandering to rich, Harris promising generous medical benefits, controls on food prices, etc, there will be no debt relief. The result may be investors worldwide losing their butts, and a long period of stagnation (and lack of investment in needed things like alt energy, schools, fighting poverty). It may also be a trigger for a major war (or wars), as instability will reign. Those that emerge with the most cash/assets (ie PRC) may come out the victors.

Its chilling that even economists like Paul Krugman say "deficits don't matter". How could they not matter, when debt interest crowds out services, and massive borrowing triggers inflation?

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Vern Scott
Vern Scott

Written by Vern Scott

Scott lives in the SF Bay Area and writes confidently about Engineering, History, Politics, and Health

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