‘Clear and present danger’: The ticking time bomb in Trump’s big beautiful bill
- Posted on July 4, 2025
- By The Sydney Morning Herald
- 2 Views
‘Clear and present danger’: The ticking time bomb in Trump’s big beautiful bill
British historian Niall Ferguson has a cardinal rule: When a country’s interest payments on debt eclipse its military expenditure, the collapse of empire cannot be far away. That’s now a problem for Trump’s America.
