The rating agency Standard & Poor’s withdrew the United States the top rating of „AAA“.
The Republicans used the debt record, to remind Obama of his campaign promise of four years ago to halve the national debt by 2012. Place to fulfill that promise, did the President hosted a „spending spree“, said the head of the House of Representatives, John Boehner.
When Obama took office in 2009, the U.S. national debt stood at $ 10.6 trillion. The ongoing costs of military operations in Iraq and Afghanistan and the fight against the consequences of the economic and financial crisis impacted the treasuries in the U.S. under the Obama administration greatly. Obama put on about a 800-billion-dollar economic stimulus program to support the economy.
The question will be, how the Federal Reserve will handle it. Will there be a devaluation of the dollar, or even a monetary reform? There Anlysten who assume that on the one hand, the debt can never be paid, and second, the mathematics of interest calculation, calculation with the logic of compound interest.
Whether Republicans or Democrats ask the President, none of the office holder will put this logic overridden. In the end, the difference lie in who bears the burden of this debt and that is precisely the question for the choice on 6st. of November.
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