The Debt Trap: America’s Path From Superpower To Debtor State Essays, Reports and Analyses【電子書籍】[ GEW Intelligence Unit ]

＜p＞＜strong＞[The Debt Trap]＜/strong＞ examines how America reached this precarious juncture, tracing the roots of its debt crisis from the Reagan-era tax cuts and post-9/11 wars to the 2008 financial bailouts and COVID-19 stimulus packages. Both political parties share the blame: Republicans for championing deficit-busting tax breaks, Democrats for expanding entitlements without sustainable funding. The result? A debt-to-GDP ratio exceeding 120%, interest payments now outpacing defence spending, and a ticking time bomb for future generations. Yet solutions remain elusive in today's polarized climate. While economists warn of inflation spikes, currency devaluation, or even a catastrophic debt spiral, lawmakers prioritize short-term wins over long-term stability.＜/p＞ ＜p＞The book explores the global stakesー70% of U.S. debt is held domestically, but foreign creditors like China and Japan could weaponize their holdings, destabilizing markets and undermining dollar hegemony. Meanwhile, critica．．．楽天市場のショップで商品詳細の続きを見る