{"product_id":"the-debt-trap-gew-intelligence-unit-9781787952973","title":"The Debt Trap: America's Path From Superpower To Debtor State","description":"\u003cp\u003e\u003cstrong\u003e[The Debt Trap] \u003c\/strong\u003eexamines how America reached this precarious juncture, tracing the roots of its debt crisis from the Reagan-era tax cuts and post-9\/11 wars to the 2008 financial bailouts and COVID-19 stimulus packages. Both political parties share the blame: Republicans for championing deficit-busting tax breaks, Democrats for expanding entitlements without sustainable funding. The result? A debt-to-GDP ratio exceeding 120%, interest payments now outpacing defence spending, and a ticking time bomb for future generations. Yet solutions remain elusive in today's polarized climate. While economists warn of inflation spikes, currency devaluation, or even a catastrophic debt spiral, lawmakers prioritize short-term wins over long-term stability. \u003c\/p\u003e\u003cp\u003e\u003cbr\u003eThe book explores the global stakes-70% of U.S. debt is held domestically, but foreign creditors like China and Japan could weaponize their holdings, destabilizing markets and undermining dollar hegemony. Meanwhile, critical investments in infrastructure, education, and climate action stall as debt service consumes federal budgets. Is there a way out?\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e[The Debt Trap] \u003c\/strong\u003econfronts uncomfortable truths: entitlement reform, tax hikes, and spending cuts are all politically toxic. Drawing parallels to historical debt crises, from Weimar Germany to modern Greece, it asks whether America can avoid becoming a cautionary tale. The conclusion is stark: without bold action, the U.S.'s 'full faith and credit' may soon face its greatest test. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e \u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Gew Intelligence Unit\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1787952975\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781787952973\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Global East-West Ltd\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/21\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 158\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.48lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.37d","brand":"Gew Intelligence Unit","offers":[{"title":"Paperback","offer_id":47001766101247,"sku":"9781787952973","price":46.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_53ded2fd-9914-4d18-8111-a4bb24cb4864.jpg?v=1751602073","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-debt-trap-gew-intelligence-unit-9781787952973","provider":"WR Book House","version":"1.0","type":"link"}