US: The superpower in debt | Number Theory
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The US, under Donald Trump, has seen a lot of firsts. Most of them are seen by a large number of Americans and the outside world as negatives. However, there is one important metric, where Trump 2.0 has only continued with the existing trend. It is this bipartisan consensus which could well be the most defining driver of US’s global dominance or lack thereof going forward.
The US today, continues to be a superpower, but a superpower which is increasingly under debt. If forecasts by the Congressional Budget Office (CBO) – it is a federal agency tasked with fiscal policy watch – are to be believed, US indebtedness is well on track to reach levels which are unprecedented in its history. This single dynamic will test the US much more than anything else in the new few decades. Here are four charts which explain the argument in detail.
