The way I see it, any serious effort to solve the debt crisis will likely come too late. It’s a timing issue. 2026 is a midterm election year — politicians won’t want to take the painful steps needed to improve our economic picture: cutting spending, raising taxes, and the like. Any sort of bipartisan effort that comes after will both take time and be unlikely to be effective, because those commissions generally don’t work very well in practice. That’s what it looks like to me. I’m curious to hear if you see things similarly. @profgalloway @profgmarkets