I feel like the United States is always meddling in other countries affairs and yet still climbing further into debt. Kind of like someone giving you advice on a golf course who is terrible themself. Is it the military presence? Economic relationships?
In: Economics
The same way England used to be the most powerful and influential countries in the world despite high debt. They used to say the sun never set on the English Empire However, by the end of WW1 and WW2, they had such debt problems, they could no longer maintain their colonial empire, and England was no longer one of the most powerful and influential countries in the world.
You can say the same thing about a lot of other empires.
Eventually, that debt will have to be dealt with, and America will no longer be able to be an Economic and military powerhouse and be able to issue debt. Then America’s influence will go into freefall.
Generally, Debt isn’t a problem, until people stop lending money to you, then it becomes a huge problem. People are still willing to lend money to America, but as their debt grows relative to their economy, that won’t always be true.
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