12 October 2013 – Strategic Culture Foundation
US: Debts and Back Up
12.10.2013 | 00:00 | Valentin KATASONOV
The published piece called America’s Debt: Upper and Lower Tips of Iceberg offers a wide range of assessments to determine the size of US debt. Today the country has to raise the debt ceiling again, otherwise the United States will lapse into a coma. But are there any limits to raising the ceiling? What is used as the debt backup? Is America able to serve the debt?.. The US economy assets (including financial assets) are not enough to cover even a half of consolidated debt… The total interest rates expenditure goes beyond the US national debt limits, states municipalities, banks, corporations, and households have debts of their own. The last years the experts have tried many times to estimate the total US debt service expenditure… Continue reading this...