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Main » 2018 » May » 2 » National Interest: the US is waiting for a technical default
National Interest: the US is waiting for a technical default


National Interest in your article expressed the opinion that it is not Russia and China are the main enemy of America. The main enemy of the United States - is the American debt. 

According to the US National Interest Technical default is fast approaching. From the latest data on the Congressional Budget Office: interest burden the United States is 1.6 per cent of GDP, cheto 9.4 percent of federal revenue. But already in 2022 the data will be 2.7 and 16 percent. And this, according to the author, slit optimistichgy scenario


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According to the magazine he said, given the recent time, the percentage of the burden of America and can grow to 20% of the federal income when debt pogasheie US citizens pay every fifth dollar.

Predolzheno two options: the first option to reduce mandatory spending, and the other to increase tax revenues. While Congress will block both of them.


Also in the article pointed out, the only thing that can save social costs, ignoring the deficit and debt. With such an approach, and a favorable scenario, the deficit will increase by 30 percent from 2019 to 2023 while maintaining a defensive and social spending. And from 2018 to 2028 increase in the deficit could reach 81%

Although the magazine is considered, the US government is likely to use debt restructuring, based on the lenders help from Japan and China, who have about $ 1.2 trillion US bonds.

US national debt reached a historic high in March 2018 and is 21 trillion dollars. Oznaimenvalsya last September that the US debt has overcome the barrier of 20 trillion. Over the eight-year presidency Oamy, US debt has grown by almost half.



Read the article in the  National Interest



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