BUDGET ? Budge-it

Here we go, the right want less tax and more freedom, the left want a piece of the cake. Both want ‘growth’, talk of jobs and recovery. Yes, we will partially recover from this point, but only until we hit the permanently descending ceiling of (particularly) fossil fuel supply. It will be relative, and part of a descending roller-coaster (demand-destruction) . Insulation is the only light in this one, but it remains to be seen if the other slash-and-burns make the result a negative.

Even those of us who think we know what is needed, don’t think we will get there, even starting all-hands-to-the-pumps now. How do you replace roads, as they crumble, using what, driven by what, along what? Cuba is the preceding example here, and for all the effort, they are in a declining process, not yet at equilibrium, from a 1959-oiled start. It’s a not-very-confidence-building demonstration, but it’s all we’ve got.

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