Can America pay its public debt
Mohamed H. Rabie
Abstract
Open-access reader
Mohamed H. Rabie
Abstract
Open-access reader
The papers argues that the United States is unable to service its public debt without going deeper in debt, let alone repay it. the debt which has already exceede $15.3 trillion is expected to reach $20 trillion in 2015 and between $28 to $30 trillion in 2022.
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The papers argues that the United States is unable to service its public debt without going deeper in debt, let alone repay it. the debt which has already exceede $15.3 trillion is expected to reach $20 trillion in 2015 and between $28 to $30 trillion in 2022.
Key concepts: Debt, Senior debt, Debt service coverage ratio, Debt levels and flows, Business, Recourse debt, Internal debt, Debt-to-GDP ratio