A debt crisis in one country can and frequently does spread economic pain to other countries. This is especially true if the country in crisis is large and intricately linked to the global economy. Be... View MoreA debt crisis in one country can and frequently does spread economic pain to other countries. This is especially true if the country in crisis is large and intricately linked to the global economy. Because the U.S. has the world's dominant economy and financial system, and because so many economies around the globe depend on the health of the U.S. economy, the fallout can be widespread and severe! Inflation is Bidens fault, here and abroad because of his policies!