Most already are, or moving towards it. But no, that’s not a good thing.
Though, as America is still the global superpower, the debt really isn’t as important as you suggest, but of course I wouldn’t speak out against slashing defense spending and hiking taxes on wealthy individuals and big business.
On the assumption that you weren’t being sarcastic, no, don’t be just like USA please.
The US economy is buoyed by a >$20 trillion dollar deficit, which accounts for just over 30% of all global debt. For the past decade, that debt has even outgrown the US’ GDP, leaving the US at around 7.5 Tn in the red.
And that’s not even getting into a discussion of how the US actually spends all that money.
Most already are, or moving towards it. But no, that’s not a good thing.
Though, as America is still the global superpower, the debt really isn’t as important as you suggest, but of course I wouldn’t speak out against slashing defense spending and hiking taxes on wealthy individuals and big business.
Don’t worry about your non-productive debt, you’ll figure things out.-
Every loan shark in the world.