The contradiction between the US fiscal balance and expenditure has intensified, the United States is heavily indebted, and the interest expense on debt has accounted for more than 1.3 percent of its annual income, which is worrying. Over the past year or two, the U.S. has overspent $2 to $3 trillion a year, and its debt has ballooned. From a fiscal perspective, the growing fiscal deficit is weighing heavily on the U.S. economy, and a solution needs to be found.
Fiscal spending has exceeded revenues, debt is rising, and there is an urgent need to finance the fiscal deficit through borrowing or other means to avoid the outbreak of a fiscal crisis. America's allies could become potential "payers" to help ease the fiscal woes. The continuous increase in debt interest makes the task of alleviating the fiscal deficit more and more urgent.
Faced with many financial challenges, the United States** may have to do something different from what it has done in the past. First of all, finding ways to borrow has become a top priority. Only by continuing to borrow can we cover the fiscal deficit and keep our daily expenses afloat. Second, taxing foreign wealth may be an option, but with American conglomerates and the wealthy holding political control, such a move will be difficult to implement.
Interest on debt and military spending have become the two major "burdens" on the US finances, and the growth of the two has had a double impact on the fiscal position. Military spending is huge, accounting for almost half of the actual disposable income, making it miserable for ** in day-to-day operations.
The U.S. fiscal woes will have a significant impact not only on the domestic economy, but also on its international relations. As the size of the debt continues to ballooze, the United States is becoming increasingly weak in international affairs and may have to put its own interests first.
The debt crisis in the United States could put it in an awkward position on the international stage. To alleviate its fiscal woes, the United States may have to borrow externally, thus placing it in a debt-dependent position in international relations. This could lead to more complicated relations between the United States and creditor countries, and the United States may have no choice but to be more aggrieved and put its own interests on the back burner.
In the face of a fiscal crisis, the United States may need to rely on international cooperation to seek economic salvation. The European Union, Japan, South Korea, Australia, Canada, and other countries or regions may be the targets of the United States seeking help. However, this could also lead to a weakening of the position of the United States in international relations, as its financial difficulties would put it in a weak position in negotiations.
The political struggle between the two parties in the United States will also be affected by the fiscal situation, and the financial predicament will further intensify the contradictions and struggles between the two parties. Republicans and Democrats may adjust their fiscal policies to adapt to the current situation.
In fiscal distress, Republicans are likely to take a tougher stance, seeking to cover the deficit by collecting money from allies, among other things. They tend to adopt a simple and direct approach, using coercion and other means to obtain more fiscal revenue, so as to alleviate the fiscal situation of the United States.
In contrast, the Democratic Party may be more inclined to alleviate the fiscal crisis by expanding social benefits and increasing spending. However, in the current situation, these measures may be more difficult, as the fiscal position can no longer support more spending.
The United States' fiscal predicament has reached a precarious point, and the rising interest on the debt has put great pressure on the country's finances. Faced with its fiscal woes, the United States must find practical solutions to avoid the collapse of its fiscal system. In international interactions, the United States may be constrained by its financial difficulties and will have to make some concessions. In bipartisan politics, Republicans and Democrats will also adjust their fiscal policies to adapt to the current situation. With the passage of time, how to effectively alleviate fiscal pressure will be an important issue that the United States needs to think about and solve.