> Hope that we reign in spending in a drastic, unprecedented way (without impacting revenue as well...)?

American politicians, deliberately or out of incompetence, use the crisis of the moment and conveniently forego this topic.

I’m convinced the next US administration HAS to do something about this. I don’t see a way that doesn’t involve both spending cuts and raising taxes.

I don’t like discussing politics on HN, but I think this should be deeply concerning for anyone interested in start ups, technology, or innovation. All of our innovation is enabled by having a somewhat functioning democracy, courts, cops, civic culture, where people have the opportunity to critically think about hard problems and innovate, because they’re not worried so much about near term survival.