Is economic dominance the right metric to be looking at?
Yes, the US is the biggest economy. This doesn’t mean its ability to pay liabilities is infinite. Every amount of income has a particular amount of debt and interest that it is able to pay.
Take the largest company. It would not be able to service infinite debt. Apple could not service $5 trillion in debt, just like the US could not service 300 trillion.
I get why some people are concerned about the US’s liabilities and its global police status.
Also stopping giving many other countries billions of dollars a year after might be drastic. But I see why some people may not like this. Individuals can give to charities instead if this is really such a problem for them.
Now cutting research and other things is really dumb. Glad they reversed that quickly. Also needlessly licking fights with our neighbors is also really dumb.
Now only if we can reduce our military spending as well.
Yes, the US is the biggest economy. This doesn’t mean its ability to pay liabilities is infinite. Every amount of income has a particular amount of debt and interest that it is able to pay.
Take the largest company. It would not be able to service infinite debt. Apple could not service $5 trillion in debt, just like the US could not service 300 trillion.
I get why some people are concerned about the US’s liabilities and its global police status.
Also stopping giving many other countries billions of dollars a year after might be drastic. But I see why some people may not like this. Individuals can give to charities instead if this is really such a problem for them.
Now cutting research and other things is really dumb. Glad they reversed that quickly. Also needlessly licking fights with our neighbors is also really dumb.
Now only if we can reduce our military spending as well.