Shotgunner51
RETIRED INTL MOD
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An extra $25-40 Billion a year won’t break the bank for the US; still cheaper then the WOT wars, so the increased spending has been priced in. The US has also convinced the Japanese to nearly double their defense spending. It won’t be a stretch to assume Taiwan will be allowed to buy more US equipment. The US will benefit, regional countries will be burdened with the extra defense spending, so regional economic growth will slow down.
Even at current scale US is raising debt ceiling more frequently than I go fishing, just as we speak another $450 billion coming is it not? And one wanna talk about extra? To be frank, China sincerely welcomes that. The world, China included, is like dealing with a big Greece, only that this big Greece is borrowing at own currency, which is "widely reserved" by creditors around the world, otherwise the currency maybe just another Zimbabwean paper. Perhaps the Ponzi Scheme can go on happily ever after, or can it? Especially when the black hole is sinking faster than Titanic with no end in sight? Maybe interests hike is one way to keep the Scheme attractive to foreign creditors (but inflation, more debt servicing and asset burst for Americans), or devalue the currency, or perhaps the regime may simply collects more tax, but you're right no matter what I'm sure Americans are proud to pay for the consequence, which has been sown since the nation turned into Greece decades ago. China is sailing in the opposite direction, with surpluses in all accounts set to dethrone Japan as largest creditor nation, while current scale of military only takes away 1.3% of GDP, can sustain the game, how about Greece? Don't get me wrong bro, on this matter I cheerlead for US as much as you do.
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