Republican Debate

I have made inquiries about the Republican Politicians debate. I, of course, refuse to waste my time watching the "Real Housewives and Househusbands of Never-never-Land" myself.
As expected, there is no truthifying there.

What is the truth?
The truth is twenty years of reducing qualities of life and expectations, all done gradually ( we hope! ) in order to avoid revolutionary discontents. We have made mighty effort to maintain prices and values of certain assets, but they will go down. That's what all the budget debate is: what will go down and how much and in what time period? As spending goes down, prices of assets involved in the process will go down. Some people are trying to control the decline, others seem to want to tinker with the idea of "free fall".

When values are at 10 in an economy of 100, and 1/3 is removed from the economy, there is only 66.7 remaining to support values at 10.
If 66.7 is sufficient to support values at 10, why could the economy not have done so some time in the past 25 years, when the economy had grown from some lower figure, say 50, and increased to the 66.7 mark for the first time?
The answer is that the lower figure of 66.7 cannot generate demand to maintain values or prices at 10 back in the past, nor can they in the present. Prices will drop.

If they drop rapidly, there is No Exit.

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