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There is no way to cut federal spending without reconfiguring the economy from the ground up, starting with healthcare.

And so we end up back in MovieLand, where we vicariously experience having powers we do not possess in real life.

The indicators of breakdown and collapse are all around us, but we don’t dare name them because then they’d become a problem we can’t bury.

Every product now has an “extended warranty” admission of the collapse of quality and durability.

The system has reached extremes that can no longer be rebalanced by policy tweaks, borrowing another couple trillion dollars or inflating asset bubbles.