The obvious conclusion is that the people running the system and their minions are crazy or really dumb. Or else why would they not be able to see how unsustainable it is? But I have been thinking about this over the last few days and that’s not the case.
I remember the howls of protest when Prop. 13 went on the ballot. the public schools, we were assured, would be destroyed. Of course they weren’t and today are as well funded as ever but the system lost a big source of sustenance. The New Deal propaganda is that every government program is vital, and the demands of government must come first in all considerations. Opposition to any program is proof of stupidity or bad faith or both.
As far as the people who run the system are concerned, operating a sound, sustainable government is not the issue. Gaining, maintaining, and increasing control over resources is. They understand the threat to their unquestioned control is unusually high right now- which is not saying much, because it’s still very low, but their is a real fear among the public of excessive government spending and the consequences.
What they intend to do is bluff and bluster their way through and hope that an economic recovery will come soon and take the pressure off. It’s a gamble, but plenty of people are gamblers; the New Deal state has been the strong horse for a long time, and for now it’s still a good bet.