The Government of the United States of America is technically bankrupt. For more than 2 decades, the US deficit has been getting from bad to worse. For illustrative, look at the recent 5 years (2021-2025) whereby US has been running a ballooning budget deficit of US$1.38 trillion to US$2.77 trillion. For 2026, Donald Trump is expected to create an all time high (since COVID) deficit of over US$2 trillion with the US war “adventure" in Iran- this will be a whopping 12% of GDP. The failure and upcoming refund of the illegal import tariffs is only going to worsen the deficit. Its heavy spending on healthcare (Medicare and Medicaid) as well as social security by being a welfare state are placing huge burden on its public finance.
Donald Trump To Cut Down US Military Presence in Europe and Asia
Already, we are seeing Trump using the excuse of the Iran War and no assistance from its European allies to “re-evaluate” its...