Not only does this raise cost of debt in the future but investors might become more wary that bastion of American hegemony, her rule of law can be changed now at the whims of its populist prone presidents eager to polarize and divide its citizens.
Just look at Israel. Gets attacked by a decentralized terror cell (its not just Hamas), gets criticized for going after said terrorists around the region (with enough backed by Iran) and the American president concerned with voters low key threatened Israeli prime minister that security agreement can be voided.
Same thing with Ukraine. Believed in US guarantees, now facing a totally different reality from where it was in 2022, with a reluctant American president who has to worry about voters.
All of the above populist policies are the result of generation like parent's comment, selfishly believing that they are somehow more deserving than others while offering no merit for that claim, haven't fought WW1 or WW2 or lived through Cold War or even experienced the War on Terror.
All this does is hurt the very people its designed to benefit in the long run (as always is with populist policies). It signals that they don't care about merit but virtue signaling away responsibility. From this I feel worried that American politics have picked the wrong fork in the road and we are going to see significant curb to our freedom, speech and common sense, globally.
Just look at Israel. Gets attacked by a decentralized terror cell (its not just Hamas), gets criticized for going after said terrorists around the region (with enough backed by Iran) and the American president concerned with voters low key threatened Israeli prime minister that security agreement can be voided.
Same thing with Ukraine. Believed in US guarantees, now facing a totally different reality from where it was in 2022, with a reluctant American president who has to worry about voters.
All of the above populist policies are the result of generation like parent's comment, selfishly believing that they are somehow more deserving than others while offering no merit for that claim, haven't fought WW1 or WW2 or lived through Cold War or even experienced the War on Terror.
All this does is hurt the very people its designed to benefit in the long run (as always is with populist policies). It signals that they don't care about merit but virtue signaling away responsibility. From this I feel worried that American politics have picked the wrong fork in the road and we are going to see significant curb to our freedom, speech and common sense, globally.