The US is 30T in debt and yet the GDP is only 23T.
The US government now must borrow money to balance the budget. As such it does not have money
for many important projects such as infrastructure reconstruction, and advanced R&D research.
Lack of money is why the US is lagging behind China in technology innovations.
So if the US falls into 2nd place, and China leads, how can the US maintain world peace,
let alone the American Dream?

The Roman empire collapsed not because of its enemy, but because of financial bankruptcy.
The U.S. is marching toward a similar financial bankruptcy due to years of fiscal irresponsibility.
In the COVID-19 crisis, the US government printed over 6T (stimulus + QE) resulting in the current high inflation
that is eating away the US productivity and forcing the Fed to raise the interest rates which are
very bad for businesses. The US government now must pay over 500B of interest per year.
In a sense, the US financial condition is collapsing slowly right in front of our eyes but politicians don’t care
because they are all short-term focused.

Best Regards,