忽然有个感悟，不止是美国，全世界所有的国家都在透支这才是人类社会最可怕的地方，美国国债快撑不住了，欧洲难道很好吗？

Group 1 - The article highlights the pervasive issue of rising debt levels across major economies, including the US, Europe, and China, indicating a systemic problem of overspending and borrowing [1][3][6] - As of September 2025, the US national debt is projected to exceed $34.9 trillion, with annual interest payments surpassing $1.2 trillion, which is double the defense spending [3] - In Europe, countries like Italy and France have debt-to-GDP ratios of 137% and 110% respectively, while the UK is expected to see interest payments reach a historical high of nearly 10% of fiscal spending in 2024 [5] Group 2 - China's local government debt is projected to exceed 41 trillion yuan by the end of 2024, with hidden debts in provinces like Yunnan and Guizhou becoming increasingly apparent [6] - The article argues that the core issue is not merely borrowing but rather the allocation of borrowed funds, with the US focusing on social security and healthcare, Europe on welfare and energy subsidies, and China on infrastructure and urban expansion [6][8] - The current economic model is described as a collective overspending scheme, where wages, corporate profits, and national credit are all being stretched [8][10] Group 3 - The article discusses the cyclical nature of economic crises, where problems are temporarily masked by borrowing and printing money, leading to inflation and subsequent interest rate hikes [8][12] - It suggests that while markets may self-correct, this often comes at the expense of the lower economic strata, leading to bankruptcies and unemployment [10] - The disparity in wealth distribution is highlighted, with the rich accumulating assets while the general population struggles, indicating a shift in liquidity concentration [12][14]