As Donald Trump cheered the passage of his self-styled, and officially named, Big Beautiful Budget Bill through Congress this week, long-sown seeds of doubt about the scale and sustainability of US borrowing from the rest of the world sprouted anew.
Trump's tax-cutting budget bill is expected to add at least $3 trillion (£2.2 trillion) to the US's already eye-watering $37tn (£27tn) debt pile. There is no shortage of critics of the plan, not least Trump's former ally Elon Musk, who has called it a "disgusting abomination".
The growing debt pile leaves some to wonder whether there is a limit to how much the rest of the world will lend Uncle Sam.
Trump understands that it doesn't matter about the debt. Who does he owe it to after all? The banks won't call the debts in, cause they don't need to, and if he devalues the dollar he sees it as a win for exports
'He' (the US) owe it in large part to the world, who were forced to buy us debt in order to buy oil. China is the biggest holder of US debt iirc.
The US's voluntary withdrawal from the post ww2 economic order (from which it profited greatly) has absolutely hastened and cemented this process.
This debt is coming due, the strength of the dollar has already dropped greatly, US interest rates will rise. The US dollar will be cheap enough to compete with India and China to be the world's factory (a major part of Trump's election campaign and success).
It won't happen all at once as the world will look to manage America's decline while trying to maintain as stable a transition as possible.
But please be aware, this debt is going to come due and it has absolutely been hastened by Americans voting for Trump a second time. Fore warned is forearmed. Good luck.
China is the largest foreign holder, but the vast majority of the debt is owed domestically.
I wouldn't bet on that. American military might is still untouchable, and America is still a huge oil producer