Jul 16, 2024
Meh.
It might be politics all the way down, but it's economics all the way up and the rip in this ship is that debt. Debt doesn't matter, until it does.
Given much of that borrowed money has been spent on military misadventures, it would seem the consequences of the eventual bankruptcy will be less armed expansionism, than more.
The real question is as to when we go from the gradual to the sudden stage, not whatever puppet up there is promising to spend more money on.
"The last official act of any government is to loot the treasury.” — George Washington