A statement that was true for almost all previous empires, is now discovered to apply to the US: "The greatest long-term threat the United States faces is our national debt". That is the conclusion of a US Senator Roger Marshall.
"I’m often asked what's the greatest threat our nation faces and I'm here to tell you [that] it's not Russia. It's not China. It's not North Korea. It's not Iran. And no, I love the environment, it's not climate change. The greatest long-term threat the United States faces is our national debt of $31 trillion and growing," Marshall told the US Senate Budget Committee.
Reportedly, according to Marshall, President Joe Biden has spent more than any other president in US history during his first 20 months in office.
He adds that energy prices have risen by more than 37%, home heating fuel by more than 52%, electricity prices by more than 23%, gasoline by more than 45%, and groceries by more than 19% during the Biden administration.
Lessons from history support this point of view: almost all major empires collapsed under the weight of crushing debt, not due to outside military threats.
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