America's Debt Crisis: A Crumbling Foundation of Trust

The Treasury Secretary's declaration that "The United States will never default" has sparked concerns. The article argues that while U.S. government debt was once considered the ultimate safe asset, markets are now questioning its reliability. The decoupling of the dollar and interest rates, chaotic policymaking processes, and the rushed passage of the budget bill are highlighted as indicators of irrationality and uncertainty in American politics. These factors are eroding international investor confidence, potentially leading to capital flight and an economic crisis.