That's clearly not how it works, when the country is in an economic downturn, inequality keeps on rising, youth unemployment and inflation is the name of the game, the last thing you want (as a government) to is borrow money...to send it to other countries.
their government are busy spending money (that the U.S doesn't have) for foreign countries like Ukraine and Israel. Note that America borrows those $90B they've earmarked for Ukraine, Israel and Taiwan. Somebody will eventually pay for it and it ain't those 3 countries.
and I'm betting on a Russian victory in Ukraine to make that reality faster.
The author is a Harvard Professor
The United States' century as the world's greatest power could be coming to an end quicker than expected with countries in Asia increasingly likely to pull the plug
www.dailymail.co.uk
Some good notes here:
'Any great power that spends more on debt service than on defense will not stay great for very long,' he said in a piece he penned for Bloomberg, explaining a theory he calls Ferguson's Law.
'True of Habsburg Spain, true of ancien régime France, true of the Ottoman Empire, true of the British Empire. This law is about to be put to the test by the US beginning this very year.'
The Congressional Budget Office (CBO) estimated this week that another $1.9 trillion will be added to the national debt this year alone, taking it to an eye-watering $36 trillion.
That is equal to the total value of goods and services produced by the US in the course of a year.
The rising cost of medicare and the bank rate surging to a 23-year high are among the factors likely to push it up to $56 trillion within the next ten years, according to the CBO, taking it to a record 122 percent of GDP. And there seems little variation on this point between the two presidential contenders with both Joe Biden and Donald Trump having added $7 billion to the figure during their terms in office, according to the
WSJ.
JH Cullum Clark, of the Bush Institute-Southern Methodist University Economic Growth Initiative, has studied the history of previous superpowers and sees unsettling parallels with America's current plight. He says the pattern was established as far back as the Roman Empire when overspending tempted third century emperors to start debasing the currency, sparking endemic inflation which eventually destroyed its power to defend itself.
The wealth flowing in from the New World blinded Spain to its reliance on foreign lending to maintain its empire abroad and ending its dominance in the 17th century.
Eventually it 'managed to default seven times in the 19th century alone, after having defaulted six times in the preceding three centuries,' economists Carmen Reinhart and Kenneth Rogoff wrote in their book This Time Is Different: Eight Centuries of Financial Folly.
It was France's turn 100 years later after a series of casual defaults, before Britain lost its place to the US in the 20th century, with debt rocketing during and immediately after the Second World War.
The British pound had been the international reserve currency between the wars, allowing it to finance its far-flung empire, but it decisively lost that status to the US dollar in the war's aftermath.
America's debt to GDP ratio fell during the prosperous 1990s, reaching a low of 32 percent in 2001.
But it has soared to 99 percent since then, powered upwards by the great recession of the 2010s and the impact of the Covid-19 pandemic.
'The largest contributor to the cumulative increase was the incorporation of recently enacted legislation which added $1.6 trillion to projected deficits,' the CBO wrote in its report.
'That legislation included emergency supplemental appropriations that provided $95 billion for aid to Ukraine, Israel, and countries in the Indo-Pacific region.'
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America is spending money they don't have on its over-extended military. Some of their concern are legitimate (like Ukraine and Taiwan) while some are not (Israel). Funnily enough the biggest recipient of those money will be the israelis.
You know all empire is worth its money, the more sound money you have the healthier your empire is. Many empires in the past rises and fall based on the value of its currency.
America thinks they are special, and they will simply cheat the fate of last empires before them.
The war in Ukraine ain't ending up anytime soon, big wars in the Middle East will flare up every one or two years. And let's say while trying to control things a war erupt in the Pacific. And yes that will mean spending more money they don't have.
I am very excited for what's to come
has sold USA 
, Spain 
, and the Czech Republic 
$850 million usd worth of Soviet caliber 122mm and 152mm artillery shells. Contracts continue and the Serbs continue to produce said ammo. 
, South Korea 
and possibly Turkey 
. All these countries have good reason to sell shells to Ukraine through third parties, considering shells are currently selling for 4-5x their normal market value. These countries can empty put a lot of their old / expiring inventories and sign new contracts to procure shells domestically, while banking hundreds of millions of dollars in the process. 
euromaidanpress.com
