When unemployment kicks up, boomers go retiring

The was the characteristic of the last cycle, created lots of new jobs, kept participation rate down a bit, and made unemployment an unreliable indicator.  it was concentrated in public sector, in California, but spreading. The long and short of it colliding tidal waves.  Effects unknown, it sometimes reduces, and sometimes increased public sector costs, a dunno.

The primary economic trend of this cycle is getting millennials to pay their interest charges; federal, pension, and private. Everywhere, every level is going after a piece of the millennial paycheck, this will be the five year story. Basically discretionary spending being repressed.

Fundamentally
Government has a loop in its distribution and loop costs accumulate in the form of unexpensed mis-pricings, collectively called interest charges. The loop appears as a spiral in the hologram, and it is getting steeper.
 
My plan

Over some, not yet insured, time period, my plan puts all of government under cash flow accounting and total interest charges are set lower on the curve, resulting in almost a third reduction in charges. An accounting reform, making the central banker in charge of the velocity equation, directly; become our chief accountant and compete effectively in a multi-currency world.  Government much more accurate, remove all traces of MMT accounting. The banking reform, simple just cutnpaste JPM's double sided option algorithm then the Fed is competitive. They claim they got it in 990 lines of code, test them.

Cash flow accounting expenses the loop,once and for all, then liberates large accounts for self-managed optimum S/L rations, going forward. My plan relies on new technology, is a restructuring of the old system, and yields a net positive value once the 15 year contract is signed; discretionary spending released.