The Loser's Playbook

The fact of the matter is the US can't compete with China. It is so darn obvious.

Therefore, it resorts to tariffs, sanctions, tech decoupling and a myriad of other containment strategies. The whole idea is to curb China's rise.

US government debt held by the public just surpassed America’s entire annual economic output – a milestone that signals a rapidly approaching fiscal cliff. 

It’s no secret why: Too. Much. Spending. 

New data from the Bureau of Economic Analysis pegs publicly held debt at $31.27 trillion, about $50 billion more than GDP for the prior year. 

It’s part of an alarming trend – debt growing faster than the economy, with no end in sight. And it spells big trouble down the road. 

In just four years, the debt-to-GDP ratio is on course to break the all-time record of 106%, set just after World War II. 

By 2036, it’ll hit 120% – with the deficit at an insane $3.1 trillion. By 2056, projects the Committee for a Responsible Federal Budget, it’ll soar to an unthinkable 175%. 

This path guarantees disaster down the line – unless the nation changes course. And that is unlikely.