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American public debt goes beyond unreasonable limits

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rocky
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American public debt goes beyond unreasonable limits

Post by rocky on Wed Sep 13, 2017 4:09 am

[size=30]American public debt goes beyond unreasonable limits[/size]
13/09/2017 09:44 | Number of readings:
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[rtl]Trend Press / Agencies[/rtl]
[rtl]Foreign debt owed to the US government exceeded $ 20 trillion for the first time in its history.[/rtl]
 
[rtl]According to Business Insider, the government tried to keep the debt below $ 20 trillion as the treasury used the so-called "extraordinary measures" to keep the maximum value of the debt frozen at $ 19.84 trillion.[/rtl]
 
[rtl]Last Friday, US President Donald Trump signed a bill, among other things, to suspend the debt ceiling until Dec. 8.[/rtl]
 
[rtl]This procedure authorizes the US Treasury to borrow freely until that date, when they raise the debt to a new ceiling (a step followed by the Treasury each year). If new laws are not enacted, then "extraordinary measures" must be taken again.[/rtl]
 
[rtl]So far, the figure has reached $ 20.164 trillion and continues to grow.[/rtl]
 
[rtl]Trump had previously claimed that he could reduce public debt by negotiating trade deals.[/rtl]


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