The United States is a debtor country as well as a military power. These two identities do not seem to coincide, because debt means poverty, while military means wealth. So, how does the United States use debt to maintain its military hegemony? What's the secret and the price behind this?
The debt problem in the United States has not emerged in recent years, but has been accompanying the development of the United States. From the Revolutionary War in the 18th century, to the Civil War in the 19th century, to the two world wars and the Cold War in the 20th century, the United States raised funds through the issuance of bonds to support its military operations and economic construction. The total debt of the United States has soared from $60 million to the current $34 trillion, which has exceeded the total GDP of the United States and far exceeded the debt ceiling stipulated by the US Constitution.
The debt of the United States is mainly in two aspects: one is the fiscal deficit of the United States, and the other is the deficit of the United States. The U.S.** fiscal deficit is mainly due to the fact that the U.S. spends far more than its tax revenues, and the largest item of expenditure is military spending. The United States spends 3 percent of its GDP on its military7%, which is the highest in the world and the second most important debt**. The U.S. deficit is mainly due to the fact that the U.S. imports much more than it exports, and its largest partner is China. The United States imports more goods into China every year than it exports to China, causing a huge deficit and an important debt.
The debt problem of the United States has attracted global attention and concern. The debt of the United States is mainly borne by the treasury bonds issued by the United States, and the main buyers of these treasury bonds are the countries and institutions of the world. The largest holder of U.S. Treasury bonds is China, followed by Japan, the European Union, the United Kingdom, etc. These countries and regions, all allies or competitors of the United States, buy U.S. Treasury bonds not only to obtain interest income, but also to stabilize the international financial system and maintain the status of the dollar as an international reserve currency. However, the risk of U.S. Treasuries is also increasing, because the fiscal deficit and debt size of the United States are growing, and the economic growth and credit rating of the United States are declining. The interest rate on U.S. Treasury bonds is also decreasing, resulting in a weakening of the attractiveness and rate of return of U.S. Treasury bonds. The risk of default on U.S. Treasuries is also rising, as the U.S.** may not be able to repay its debt on time or use currency depreciation to weaken its debt burden. If the U.S. Treasury defaults or a credit crisis, it will trigger turmoil and panic in the global financial market, causing huge shocks and losses to the world economy.
The debt problem of the United States also reflects the US military strategy and hegemonic mentality. The United States has the most powerful military in the world, including 11 aircraft carrier battle groups, thousands of nuclear**, and military bases and allies around the world. The military power of the United States is not only a means for the United States to safeguard its own interests and interests, but also a tool for the United States to interfere in and control the world situation. The US military strategy is mainly in the name of defense, which is actually offensive, in the name of maintaining stability, in the name of disturbance, in the name of cooperation, in fact control, in the name of freedom, and in fact in the name of hegemony. U.S. military operations often use human rights, democracy, anti-terrorism, etc. as an excuse to interfere, subvert, sabotage, and even start wars against other countries, so as to obtain resources, markets, interests, influence, and maintain its world hegemony. U.S. military spending is also a way for the U.S. to steal wealth from countries around the world, because U.S. military operations often bring huge losses to other countries in terms of personnel, materials, environment, and society, and these losses are often borne by other countries, not by the United States itself. US military hegemony is also the greatest threat to world peace and development, because US military actions often trigger regional and global tensions and crises, undermine international law and order, challenge and restrain the legitimate rights and interests of other countries, and hinder and undermine the development trend of multipolarization and pluralism in the world.
To sum up, the US debt problem is a reflection of the US military problem and the root cause of the US hegemony problem. The United States is a debtor country and a military power, but this is not an honor, but a shame and a crisis. The debt problem of the United States is not only a problem of the United States itself, but also a problem of the world, which requires global attention and response. The military problem of the United States is not only the problem of the United States itself, but also the problem of the world, which requires global resistance and countermeasures. The issue of US hegemony is not only a problem of the United States itself, but also a problem of the world, and requires global solidarity and cooperation. The United States should abandon its debt dependence and military expansion, and instead embark on the right path of peaceful development and win-win cooperation, and work with all countries in the world to build a peaceful, stable, just and reasonable international order and contribute to the well-being and progress of mankind.