The current debt crisis of #美国国债 is essentially an economic reflection of political failure. Both parties are obsessed with short-term voter appeasement (tax cuts + welfare) and geopolitical maneuvering, mortgaging fiscal integrity for votes. If the crisis continues to be delayed through printing money, the dollar will ultimately lose its privileged status in a spiral of "high debt - high inflation - weak credit." History has shown that the collapse of a reserve currency often begins with a breach of fiscal discipline.