The US may finally go bust

Within the next 12 months, the US Treasury will have to refinance $2 trillion in short-term debt. Additional deficit spending is estimated to be around $1.5 trillion. That means the Treasury will have to borrow $3.5 trillion in only one year. That amount is equal to nearly 30% of the entire US GDP.

Read Article…
 

  • Like this story? Get our top stories by email.

    User 

    COMMENTS

    Shadi Katyal

    1 decade ago

    We have many such dooms day writers and India for one like to hear about it. Unfortunately one forgets that it is the econmic power and honesty of a nation which gets credit.The writer should first read the development of US and how money was poured and still this nation can go out and get as much credit it needs. Why??? Because China may become numero uno as economic power but without help of US Consumers, China suffers.
    The writer should also tell us what is the GDP percentage of this amount and why has USA been able to borrow from all over the world without loosing her credit ratings.
    We have been reading such articles ever since country got in trouble.

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    28 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)