For decades, Washington has borrowed through wars, recessions, and crises with little pushback, as global demand for Treasuries stayed strong. But with U.S. debt nearing 100% of national income, America’s debt addiction could sow the seeds of the next global crisis.

For decades, Washington has borrowed through wars, recessions, and crises with little pushback, as global demand for Treasuries stayed strong. But with U.S. debt nearing 100% of national income, America’s debt addiction could sow the seeds of the next global crisis.
Foreignaffairs

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