US public debt will rise

Again, we come back to the issue of American public debt, which is rapidly approaching $36 trillion.

This fantastic figure is becoming one of the main elements of the world economy.

It visibly shows that change is coming, and that change is not good. 

Theoretically, the problem can be solved if at least gradually begin to reduce public debt, however, it is difficult to expect an increase in budget revenues, and reducing spending meets resistance from its influential recipients.

Moreover, it has been estimated that both US presidential candidates are proposing measures that will inevitably lead to debt raise. The Trump program will provide an additional $4 trillion in public debt, and Harris will bring in two trillion. The cut is not even discussed.

All this reduces to zero the chances of a soft exit. 

Now you see a rare situation where the failure to fulfill campaign promises will be a blessing. But promises are likely to be exceeded, which is also rare.

#Harris #America #Trump #economy