2012年1月17日星期二

The report: fiscal deficit piles whether the United States should declare bankruptcy

Beijing on June 9-Singapore lianhe zaobao 9 issue of the said, the U.S. deficit mountains, has always depended on borrowing money to live. But, the amount of debt is a legal limit. The debt limit in the May 16 has been achieved. Congress if not authorized to improve the cap on the debt, so the government continue to borrow money of words, the federal government will go bankrupt. Bankruptcy means?Means that the U.S. government will not be able to pay its promise of many of the obligations.article re-edited as follows: on May 31, 2011, the United States house of representatives votes 318 to 97 the absolute superiority, beat to raise the federal debt limit bill.the federal deficit mountains, has always depended on borrowing money to live. But, the amount of debt is a legal limit. The federal debt ceiling is $14.3 trillion. The debt limit, in the May 16 has been achieved. Finance ministers' cover Turner warned that the government can through certain financial measures to maintain flexibility. But, to August 2, no money can be a will. Congress if not authorized to improve the cap on the debt, so the government continue to borrow money of words, the federal government will go bankrupt.bankruptcy means?Means that the U.S. government will not be able to pay its promise of many of the obligations. For example, China is the United States nations of, if the U.S. bankruptcy, many debt might not be able to repay, and may even pay interest even the ability also have no.The U.S. government was at a very low interest rates can borrow money, is because keeps a good financial credit. If nothing to borrow money in a rice, in the future the even there is willing to lend the United States, will also require very high "risk" rates. So, the United States loan interest rates will shoot up. Still very fragile economic recovery, however the couldn't handle the critical hits. Of course, the United States government or can choose other measures. For example, as the law should pay retiree's "social security" check, was forced to stop a payment. But this way, many American retirees will lose life source, in extreme poverty. This of course can also hurt consumer, subversive is just beginning to economic recovery.not through improving debt bill just show many analysts think,buy sunglasses it is but a bipartisan vote in the politics of behavior art, not too serious. The bill is the republicans insist on getting out the vote, then have a veto. In fact, without a vote republican votes they need. Democrats are not willing to lift it. More interesting is, republican leaders chose on the day after the stock market closed vote, and a few days ago special summoned the Wall Street executives, tell them this is but a vote to Obama demonstrations, don't really believe that the United States make bankruptcy. Wall Street's people won't forget in September 2008, the house of representatives a 2-1 advantage over the veto of the proportion of the save the city case (TARP). At the time when a live television screen in two, is the side of the house of representatives voted scene, one is the Wall Street of the stock market. The results, on the same day the stock market plunges over 777 points, creating ever slide in record. The voting, because early dozen hello, the stock market did not follow crazy.
The next day the dow Jones index fell nearly 280 points, mainly because the jobs data, rather than debt crisis.both parties know, does not raise the debt limit price is can't afford to. However, both parties are hope to take advantage of that the end of a scene in forcing the political points. Republicans proposed: to increase the debt limit can be, but must have the conditions: Obama government must agree to cut the budget. Only cutting government budget, just might eventually balance the budget. Otherwise, money is not enough to improve a debt limit, to borrow more money, then when is the head? Debt limit such legal system did not become trifling matter? Democrats are also very hard: according to the republican plan, health care, social security, and other basic welfare, to cut, the disadvantaged sectors more helpless.
In the rich head must be through tax increase to gradually balance the budget, exactly is republican refused to raise taxes. Both sides of a head of the principle, mutual threats, hope the other blink concessions.democracy" was a concession is the art of compromise, the two parties have had fine cooked. So, most people still don't take the crisis really. In those days help city case, denied all through compromise consultation, not immediately passed? But, the United States went to no money to spend, no money can borrow degree, or for the first time in history. One thousand which side are not willing to concede, may cause panic on the stock market. Now the European debt crisis is not to dissolve, the United States and appear debt crisis, and who can stand?

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