America's Biggest Threat Is Debt
THE WEEK India|December 17, 2023
The US rises higher and higher—not in international status, but in its debt crisis.
ANITA PRATAP
America's Biggest Threat Is Debt

The US government debt has skyrocketed from $3.5 trillion in 2000 to $34 trillion now, or nearly 125 per cent of its GDP. More than half of this increase is due to waging wars, the rest to Covid expenses and financial crises. American economist Jeffrey Sachs argues, “The biggest contributor to this debt crisis is America’s addiction to war and military spending. We must stop feeding the ‘Military-Industrial Complex’ (MIC), the most powerful lobby in Washington.”

Bu hikaye THE WEEK India dergisinin December 17, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye THE WEEK India dergisinin December 17, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

THE WEEK INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle