What do we have to do to reduce government debt, to move away from threats of insolvency, and to slay the inflation monster?

We must cut government spending. There is no other way around it. Fortunately, this is exactly what a transition plan from welfare statism to capitalism prescribes. The trick is to do it in such a fashion that it won’t unduly hurt those who rely on Social Security for their retirement, Medicare or Medicaid for their healthcare, government (public) schools for their child’s education, or student loans for their college degree.

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