Just give people their money and subsidies. Big deal. So governments and municipalities run a deficit. Fine. Deal with it after it blows up. Rest assured, when/if it blows up, no one will be happy. Pensions, property owners, businesses, consumers, everyone. So take comfort that your favorite “you should pay your fair share/you should take your pay cut” will equally be part of the solution to fix the blowup.

America and americans are really good at deficit spending, so it’s no different from most of america.