On May 16, 2025, Moody’s stripped the U.S. of its last Aaa rating, marking a pivotal shift in global perception. No longer an abstract concern, America’s rising debt is now seen as a strategic threat—tightening fiscal space, raising borrowing costs, and undermining global influence. As economic risks intersect with national security, the downgrade signals a sobering reality: the debt crisis is no longer looming. It’s here.
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