The US, whose debts are huge, do not lose the rating

What is the attraction in one of the US megacities? Debts of this country can be viewed online when visiting the center of New York. Back in 2008, the obligations of this state became so great that the dollar sign in front of the amount had to be replaced by the number "1", and the company operating this board proposed to insert a couple more windows for the numbers so that the account could be brought to the quadrillion.

More than GDP

The US, whose debts have reached at the moment $ 17 trillion, which is more than 100% of GDP, receive an increase to this amount of $ 4 billion a day, or $ 2 million every minute. At the same time, the amount does not include the obligations of the companies "Freddie Mac", "Fan Mack", etc., which in themselves amount to 6.4 trillion dollars. Thus, the cumulative amount of debt will be close to $ 23.4 trillion.

How can this large amount be distributed among US households? Debts of this size, with an even distribution, would have given about $ 125,000 to each family. It is believed that during the years of B. Obama's government debt grew by 61%, while the country's GDP increased by only 4.26%. On average, it turns out that one dollar spent in the US accounts for about 41 cents of debt. Analysts believe that this ratio is not the limit, and by 2019 the payment of interest on liabilities and payments to the population will take 92 cents for one dollar of state revenues, and by 2050 the country's debts will be about 400% of GDP.

To whom should the US?

How is the US public debt allocated 2013, and why the country has not yet announced a default? Judging by data provided by the International Monetary Fund, about half of the issued obligations (47%) were purchased by the US government and the Federal Reserve System in the form of investments in funds (social insurance , etc.). It turns out that in this part the country owes itself, and payments with interest are returned back. In addition, about 22 percent of liabilities are bought by central banks of different (most likely loyal) countries, and they will not rush to present them for early repayment. Unlike Greece's public debt, where up to 65% of the liabilities were bought by non-residents, the share of such creditors in the US is about 9%.

Ratings do not suffer

Gos. The US debt (2013), despite its huge size relative to GDP, did not affect the ratings, which are appropriated by international agencies. It is believed that the US government is free from restrictions on the upper boundary of government obligations, so the country still has a credit rating of "AAA". However, it is more difficult for the government to borrow, ensure the work of the relevant state bodies, pay certain amounts to pension and other funds.

The US, whose debts are so high, however, do not cut their military programs too much (about 431 billion dollars were spent for this purpose in 2013). Also, significant items of expenditure include programs for the development of medicine, social benefits, pensions. In addition, numerous activities outside the country are funded. So, it is known that about $ 5 billion was allocated for the establishment of democracy in Ukraine.