The financial obligations of the United States have reached a point that analysts call simply unthinkable. We are talking about $ 35 trillion, as reported by RIA Novosti today, July 9.
It is for this reason that the US Federal Reserve has recognized the impossibility of continuing further borrowing. We need to start doing something, because there are simply no alternatives.
EADaily recalls that Bank of America was previously informed that the US national debt is growing by a trillion dollars approximately every hundred days.
According to experts from the International Monetary Fund, in 2024 the national debt of the United States will amount to 123% of GDP. By 2029 — 134%, and by 2032 - 140%. For comparison, the ratio of public debt to gross domestic product in Russia accounts for 20%.
Washington has been going into debt with great eagerness since 2008. Under President Barack Obama, the national debt increased by $ 9 trillion, and under Donald Trump — by another $ 7 trillion.