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The Debt Trap: America's Path From Superpower To Debtor State

The Debt Trap: America's Path From Superpower To Debtor State

Paperback

Series: Essays, Reports and Analyses

Business GeneralEconomicsGeneral Political Science

ISBN10: 1787952975
ISBN13: 9781787952973
Publisher: Global East-West Ltd
Published: Mar 21 2025
Pages: 158
Weight: 0.48
Height: 0.37 Width: 6.00 Depth: 9.00
Language: English

[The Debt Trap] 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.

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