In this video Warren Buffet and Charlie Munger talk about how the US system is heading towards a cliff, and the video was recorded in 2005. They articulate it well, although the video has a couple glitches in it.
If you are actually interested in what's going on, I think what they are talking about is a big important piece of the puzzle.
20 years ago. We had the 2008 GFCI and COVID since then. I'll take whatever cliff they are referring to over the deliberate madness of Trump.
It's awfully convenient that "in economics you can say what's going to happen but not when." So you really don't know where the cliff is, how steep it is, what else is between us, etc etc. They even say at the end it's possible to outgrow the debt, but then just dismiss it.
I know you're trying to approach the whole thing in an abstract unemotional way and not defend Trump. But there is just no world in which what he's doing is somehow better in the long run... Well maybe being a pariah state solves the trade problem, but that's not "better" in my book.
The answer is for Congress to balance the budget and intelligently incentivize new industries. The fact that Congress has failed doesn't mean an incompetent strongman is the answer. The things he's doing to reorganize the executive and ship people to foreign gulags with no trial have nothing to do with improving the economy. And the legal argument he's using to claim tariff power is specious at best.
The structural reform we need in the US are things like: ranked choice voting, proportional representation, eliminate the electoral college and/or redraw state boundaries, and for the love of God get limitless corporate money out of politics.
If you are actually interested in what's going on, I think what they are talking about is a big important piece of the puzzle.
https://www.youtube.com/watch?v=YCgHj1_GBuY