Part 3/4:
The "Kick the Can" Mentality
In the face of these challenges, there's a prevalent tendency to "kick the can down the road." Politicians and policymakers often prefer delaying tough decisions, hoping that future leaders will deal with the consequences. This postponement is driven by short-term political incentives and a reluctance to confront the difficult trade-offs involved in fundamentally reforming the country's fiscal policies.
A Caveat: Future Consequences
Many observers warn that this approach is ultimately unsustainable. As debt levels continue to rise unchecked, the potential for economic instability grows. Yet, the prevailing attitude remains one of complacency, with the hope that problems can be deferred until they become too urgent to ignore.