Because of this high national debt I worry that Biden's plan to "Spend our way out of this difficulty" might backfire.
Though Russia's economy has been destroyed by Western Sanctions it is important to realize also that European solvency is also harmed by the energy sanctions as well because Europe's main supplier of energy (outside of nuclear and wind power) is Russia.
So, it's sort of like a game of Chicken the world is in right now where a big recession worldwide caused by Covid and the UKraine war could spiral out of control into something worse internationally.
In some ways one has to look at all this as a course correction much like World War I and World War II and the Great Depression more than anything else.
We are going to see things we haven't seen since the Great Depression and World War II likely worldwide now caused by things like Covid which was caused by Global Climate changes which was caused by human overpopulation combined with mass extinctions of animals and other creatures worldwide in an out of control way ongoing.
So, when I look forward in time it isn't governments that are the worst problem we face it is overpopulation caused extreme global climate changes which then brings about resource wars caused by all the starving people caused by the flooding and droughts caused by overpopulation combined with global climate changes.
Only by taking each problem as it comes and solving each problem as it comes will anyone at all survive here on earth what is now coming for us all.
What I'm saying here is the democracies are better at responding quickly enough to problems to actually survive things at all.
Whereas Autocracies like Russia and China can in the end only resort to nuclear and chemical weapons which is just going to make things much worse than they already are worldwide.
So, the survivors of all this will be the Democracies as long as everyone hasn't nuked out by then on all sides.
Once we have all nuked out no humans will likely survive this century if that happens.
So, in order for any humans to survive, nuclear and chemical warfare needs to be prevented.
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