Mercator Projection

Or

He’s surrounded by a bunch of people who play HoI for the wrong reasons.

‘After [current guy], our turn’, while a nice sentiment to avoid giving up entirely, does not have enough historical evidence to support it as a strategy.

But we’ve made every payment on that debt since we started borrowing. If lenders can’t count on those debt payments, they lose some faith in the currency that undergirds the world economy.

This is quite bad, regardless of where you live.

Future borrowing, both public and private, becomes more expensive (higher risk demands higher returns). This is bad if you live in the US.

People involved in international trade start questioning if the USD is really what they want as the reserve currency (the Dollar is the go between for all other currencies, so if you’re in Europe trading with Japan, you exchange euros for dollars for yen, which while a bit cumbersome, is wonderfully predictable) and what they might want to use instead (euros? renminbi? rubles? The chaotic world of direct exchanges of currencies?). This is bad if the country you live in imports goods that you need or exports goods that other people need.

He won the election and got exactly what he wanted and he’s still mad as hell about it.

If he didn’t make it everyone else’s problem too, I’d feel sorry for him.