Over 40 Trillion in debt. Approaching 50 Trillion by 2030.

The deficit for the last year was 2 Trillion. In the 3 years before that it was always between 1.7 and 1.8 Trillion.

Student loans, Auto Loans, Credit cards - all maxed out. Delinquencies are at an all time high because people are squeezed.

US has over 100% of GDP in debt. Countries like France or Japan are even worse off.

No money for investment into infrastructure - everything goes into AI. Budget cuts and layoffs everywhere.

If AI suceeds, hundreds of Millions will lose their jobs. If AI bubble pops, we have a recession/crash. Hundreds of Millions will lose their jobs.

Even if we tax the Billionaires and get an additional 1 Trillion every year out of them, the budget deficit would still be 1 Trillion every year.

Without a crash/reset there is a 0% chance that things will get any better. With a crash/reset chances are at least 1% or more.

The financial system in 2008 collapsed because it was unhealthy. Full of zombie companies, overvalued houses/stocks etc. If the recession of 2008/9 had been allowed to run its course it would have been painful - but we would have had a more or less healthy economic system for the next half a century afterwards.

By printing unimaginable amounts of money and doubling the debt since 2010 - all they have done it to push back the problem without adressing any of the underlying issues.

Now we have more debt and a higher interest rate. Everything is much worse than in 2008 and as such a recession now will be 10x worse.

If it had crashed in 2008 the system would have been clensed and reformed and everything would be much better now.