Source link : https://americ.info/america/usa/washington/americas-coming-crash-will-washingtons-debt-addiction-spark-the-next-global-crisis-foreign-affairs/
As the United States grapples with an unprecedented level of national debt, concerns are mounting about the potential implications for both the American economy and the global financial landscape. In their in-depth analysis,”America’s Coming Crash: Will Washington’s Debt addiction Spark the Next global Crisis?”,Foreign Affairs explores the intricate web of fiscal policy,economic growth,and international repercussions tied to the nation’s escalating financial commitments. With Washington’s appetite for deficit spending showing no signs of abating, experts warn that the consequences of this debt addiction may extend far beyond U.S. borders, perhaps triggering a cascade of instability in markets worldwide. As policymakers face a critical juncture,the question looms: can America navigate this precarious economic terrain without setting off a global crisis?
The Alarming Trajectory of U.S. Debt and Its Global Implications
The escalating scale of U.S.debt has become a focal point for economists and policymakers alike, raising urgent questions about its sustainability and far-reaching effects on the global economy.With current figures exceeding $31 trillion, the debt trajectory suggests an alarming reality where servicing this debt could soon consume a substantial portion of the federal budget. The rising interest rates only exacerbate the problem, leading to increased costs of borrowing that could spiral further out of control.
As the United States grapples with…
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Author : William Green
Publish date : 2026-01-18 12:36:00
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