The phenomenon of predictable surprise occurs when people cannot accept facts that would allow them to properly prepare and plan for anything other than immediate disasters. It is easier to react to a flood or tornado than to prepare for weather that may or may not happen. Even when the data and attendant probability calculations begin to tell us that it is a reasonably good idea to get ready, we often choose to wait to see what happens. By then, of course, it is often too late.
When you review all the converging variables – the level of deferred maintenance (for roads, sewer and water infrastructure, airports, ports, buildings, and various federal, state and local systems,) an educational system under fire, Medicare and Medicaid issues, questions about the longevity of Social Security, escalating health care costs, and the ongoing total cost of dubious wars – you have the ingredients for predictable economic struggles. There should be no surprise.
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