Finans

The trouble with American exceptionalism

Deepening deficits now make the US one of the most fiscally irresponsible nations.

Joe Biden used the sense of crisis to launch a latter-day New Deal, building infrastructure and industry ostensibly to compete with China and combat climate change. No other government plans to spend as heavily, leaving the US all but alone on the road to deeper deficits.
Joe Biden used the sense of crisis to launch a latter-day New Deal, building infrastructure and industry ostensibly to compete with China and combat climate change. No other government plans to spend as heavily, leaving the US all but alone on the road to deeper deficits.Foto: Brendan Smialowski/AFP/NTB
  • Ruchir Sharma
Publisert 17. July 2023, kl. 12.12Oppdatert 17. July 2023, kl. 12.12
Financial TimesUSAAmerikansk økonomiStatsgjeld