According to the article the cases are in Mexico, so I don’t know that “Latin American origin” is a silver bullet.
Maybe because there is an executive body hell-bent on the slashing expenditures regardless of any perceived benefit?
Other evidence includes the worst measles outbreak of the last 30 years and the second largest three-month economic contraction since WWII only topped by the last iteration of this administration.
We wouldn't be having Trump had that happened.
Up until our international image was destroyed two months ago, we were in a privileged position allowing deficit spending while the rest of the world absorbed the negatives.
Trump certainly doesn't have a solution, but I'm also not convinced he has correctly identified a problem. Nation-state debt from the country whose currency is the de-facto international standard for the world, is categorically different than your mortgage or your credit card debt.
I ask you: do you imagine it can continue forever, with debt reaching arbitrarily high multiples of GDP?
I disagree that it must become unstable, especially on a time frame relevant to anyone currently alive. Perhaps certain resources could be sheparded more sustainably than they have been but I do not think we were previously heading towards a consequence worse than we are currently experiencing.
That argument applied to current administrative actions is like saying "we all die someday, therefore we should all commit suicide right now".