Fitch, the credit rating agency, warns that the US is drowning in debt. Historians have long seen it coming, observes columnist Bill Moloney, yet policymakers remain largely oblivious.
America in decline? Europe and China think so
US preeminence on the world stage has rested on four pillars, observes columnist Bill Moloney, citing historian Niall Ferguson. Our deepening disregard of those—representative government, free markets, rule of law, and civil society—signals national decline, a trend not lost on America’s allies in Europe and its adversaries in China.