“This situation does not affect the United States itself for one simple reason - the States and the whole world have long been accustomed to this. The previous record of $ 22 trillion was achieved less than a year ago. Now the United States has embarked on a path of debt growth of more than $ 1 trillion per year. It’s clear that this is a kind of vicious circle from which neither the United States nor the global economy can get out, ”the expert said.
According to Salin, there is an opinion that the United States, with the current purchasing power of the dollar, will never pay off its debt.
He also noted that currently the most urgent issue is not the US debt, but its servicing.
“At the current dollar exchange rate, it will not be possible in the future 5-10 years without paying damage to the economy and without reducing the standard of living of the US population,” he said.
Previously, US government debt reached $ 23 trillion.