The End of Pax Americana: How Western Decline Became Inevitable - Christopher Layne - International - The Atlantic

The End of Pax Americana: How Western Decline Became Inevitable - Christopher Layne - International - The Atlantic: "Indeed, looking forward a decade, the two biggest domestic threats to U.S. power are the country's bleak fiscal outlook and deepening doubts about the dollar's future role as the international economy's reserve currency. Economists regard a 100 percent debt-to-GDP ratio as a flashing warning light that a country is at risk of defaulting on its financial obligations. The nonpartisan Congressional Budget Office (CBO) has warned that the U.S. debt-to-GDP ratio could exceed that level by 2020--and swell to 190 percent by 2035."

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