By Austin Aneke
The United states of America owes bond buyers a total of 14.3 trillion dollars and counting. She has become a country that is kept alive only by issuing bonds, because at the moment she needs further 2 trillion dollars to keeping breathing.
I wish to ask whether USA is a country that has now lived its tomorrow already? Is USA’s gluttony unchangeable? and Is USA endangering the economic stability of other nations? What is the risk of USA defaulting on its debt and what impact would that have on the rest of us? Is her insatiable quest for extra large everything, hence prone to debt, now habitual and unstoppable?
Could someone please help answer these questions because we are concerned here.