Commentary
The U.S. national debt is now $36.6 trillion. Interest is building rapidly because of the high rates offered by the Federal Reserve to bring down inflation that arose during the previous administration.
Elon Musk holds a chainsaw during the annual Conservative Political Action Conference (CPAC) at the Gaylord National Resort & Convention Center at National Harbor in Oxon Hill, Md., on Feb. 20, 2025. Saul Loeb/AFP via Getty Images
Anders Corr
Author
Anders Corr has a bachelor's/master's in political science from Yale University (2001) and a doctorate in government from Harvard University (2008). He is a principal at Corr Analytics Inc. and publisher of the Journal of Political Risk, and has conducted extensive research in North America, Europe, and Asia. His latest books are “The Concentration of Power: Institutionalization, Hierarchy, and Hegemony” (2021) and “Great Powers, Grand Strategies: the New Game in the South China Sea" (2018).
