US Treasury warned about the risk of default by the end of February

United States Treasury Secretary Stephen Mnuchin appealed to Republican leaders in Congress to raise the government debt limit to February 28, otherwise the US government risks facing a default, unnamed sources in the White House said.

According to the portal, which tracks the state of the American debt, now its size is 20,5 trillion dollars, which exceeds the country's GDP. At the beginning of the presidency of Barack Obama, the national debt was about 10,6 trillion dollars, TASS reports, citing Bloomberg.

Recall that in September 2017, the US national debt for the first time in stories stepped over 20 trillion dollars, exceeding 100% of the country's GDP.

In the same month, US President Donald Trump declared the need to get rid of the US debt ceiling, which, according to him, is “not mandatory” at all.

In August, the US Senate extended the current budget and raised the debt ceiling to December 8. Prior to this, Fitch Ratings warned that the refusal to raise the upper limit of the US government debt would lead to the beginning of a revision of the country's sovereign ratings - with potentially negative consequences.

Comments

[Magic archer]

The bad news ... If the mattresses are not doing well at home, then wait for the war! So all of their presidents did. A little what problems, we need a war to distract from them

[Thracian warrior]

in Congress asking to raise the limit of public debt by February 28, otherwise the US government runs the risk of default

May God help the militias as they climb on command.

[Shurik70]

It is unlikely that Donbas. DPRK most likely
And may God help them all. But we also need to help them.

[jolly deckhand]

The bad news is not in this, there won’t be any war, because it is not profitable for those in power on both sides of the Ocean to lose everything ... And the fact that we default is planned, watching how our princes are tied to the USA ... One pleases I already have no money! Nothing to lose

[vlad66]

Quote: jolly deckhand

The bad news is not this, there will be no war, for it is not profitable for those in power on both sides of the Ocean to lose everything ..

But how can I say, at the beginning of the twentieth century, it was the same as losing on both sides of the ocean, but in order to cash in and fix your shaky affairs, two world wars were unleashed, although gasoline is getting cheaper in America, as you put it. But not all so smoothly in the American state, graters between their elites are not at all childish, and if there is a clash, the whole world will shake and very seriously shake, it will go to everyone and it does not matter if you have money or not.

[jolly deckhand]

I confirm. Head of the Transport Department. But seriously, yes, it’s not enough for anyone, and I won’t sit in the dugout in Bor Buzuluks ...

[dvina71]

Quote: jolly deckhand

And the fact that we have defaulted

How is it with us? The debt burden on our budget is minimal .. Although .. I understand ... you don’t have it with us, but you really already have a default .., even though they turn a blind eye to this ..

[Cube123]

Quote: dvina71

Quote: jolly deckhand

And the fact that we have defaulted

How is it with us? The debt burden on our budget is minimal .. Although .. I understand ... you don’t have it with us, but you really already have a default .., even though they turn a blind eye to this ..

Go to the website of the Central Bank of the Russian Federation https://www.cbr.ru/statistics/?Prtid=svs&ch=i
tm_45927 # CheckedItem
External debt as of 01.10.17 - $ 536,659 billion.
International reserves as of 01.12.17/431,636/XNUMX - $ XNUMX billion.
T.O. if at the same time demanding a debt repayment from Russia, there is a gap of $ 100 billion.

[dvina71]

Quote: Cube123

T.O. if at the same time demanding a debt repayment from Russia, there is a gap of $ 100 billion.

Default - the inability to service their debt obligations. And not the difference between debt and money ..

[Cube123]

It all depends on the goodwill of the holder of your debt. A common example: "put on the counter."

The good news is that the government understands this, and this gap is reduced monthly.

[tol100v]

Quote: Magic Archer

A little what problems, war is needed to distract from them

White Northern dog has long been waiting for the SGA!

[Spartanez300]

Another confirmation that the United States laid down on everyone and no one decree, that's who we need to learn to do business.

[IGOR GORDEEV]

Quote: Magic Archer

The bad news ... If the mattresses are not doing well at home, then wait for the war! So all of their presidents did. A little what problems, we need a war to distract from them

According to the tradition of the last few centuries, world wars take place in the first half of the century. Now is the 21st century. 2018 year ...

[Cxnumx]

Quote: Magic Archer

The bad news ... If the mattresses have everything bad at home, then wait for the war

do not say nonsense: now they will come to their congress, and he will raise the bar of state. debt of several trillion more. all. the problem is resolved.
Threat Trump generally offers to remove this bar, i.e. print bucks in tons without stopping.

[Magic archer]

I expressed my opinion! Therefore, it’s not necessary to impose your own here! It doesn’t matter to me how much money the Americans print, the main thing is for the guns not to speak! As it happened more than once

[Lord of the Sith]

The trick is that they, as from 2011, do not print dollars. They simply change the numbers on the computer.

[Topotun]

There is nowhere to raise further ... Now they really need to organize a war. And there, the supply economy will grow. And debts under this business can be written off. This has been done more than once, and perhaps they will try it now. They are quite happy with the war in Europe and it’s better with us, and certainly non-nuclear.

[max702]

It’s okay to raise the ceiling and business then ... As we can see from the table below, all successful western countries live exclusively in debt .. And even a debt of 200% of GDP does not affect the living standards of these countries ...

[Cube123]

Quote: max702

It’s okay to raise the ceiling and business then ... As we can see from the table below ALL successful countries in the West live exclusively in debt .. And even a debt of 200% of GDP no effect at the standard of living of these countries ...

Wrong accents. It affects the fact that the population lives at the expense of others. Those. his standard of living is higher than if it lived on what it earned. Therefore, the global economy is structured so that countries that call themselves "developed" produce mainly debts that are bought up by countries called "developing". The neocolonial system. For example, it is known that if the United States ceases to live in debt, the standard of living of the average American will decrease by 3-5 times.

[max702]

I completely agree with you .. Only no one can change the situation .. The poor will get poorer, the rich get richer .. Unless the number of rich countries decreases .. I bet on the Anglo-Saxons led by the Jewish oligarchy .. The rest will go to slaughter ..

[Cube123]

Quote: max702

Only no one can change the situation ..

There is one subtlety. A country gets richer if it makes debts in his! currency. If, however, she begins to make debts in foreign currency, then she opens herself the path to colonial slavery. Moreover, at first, for a short time, the standard of living of the population can even grow a little, but then it inevitably decreases. That is why it is so important to first pay off accumulated foreign currency debt. Only after that it will be possible to talk about a truly independent policy.

Quote: max702

The rest will go to slaughter ..

Sorry, but this is a meaningless statement. If the rest go to slaughter, then whom will they rob? There is a fine line. You need to rob so that the "cow" does not die .

[max702]

Quote: Cube123

You need to rob so that the "cow" does not die winked.

The fact of the matter is that this is the main drawback of capitalism .. Collapse is inevitable by the exhaustion of all resources .. Either drastically reduce the standard of living and ours too, because there are not enough resources, it is only a matter of time .. It's like with an organism in which parasites appeared, first deterioration of health, then the inability to perform some tasks, then bed rest, coma and death ... And other organisms (simpler and less demanding) will die on the corpse after this nutrient base expires, becoming food for other organisms themselves .. Such is the cycle with each step of which the organism is ever easier .. though humanity can put a very bright point in this cycle ...

[Cube123]

Quote: max702

Quote: Cube123

You need to rob so that the "cow" does not die winked.

The fact of the matter is that this is the main drawback of capitalism .. Collapse is inevitable by the exhaustion of all resources .. Either drastically reduce the standard of living and ours too, because there are not enough resources, it is only a matter of time .. It's like with an organism in which parasites appeared, first deterioration of health, then the inability to perform some tasks, then bed rest, coma and death ... And other organisms (simpler and less demanding) will die on the corpse after this nutrient base expires, becoming food for other organisms themselves .. Such is the cycle with each step of which the organism is ever easier .. though humanity can put a very bright point in this cycle ...

In general, everything is true. I do not agree only with

Quote: max702

Such is the cycle with each step of which the organism is ever easier ..

You have considered only the descending branch of the food chain. And there is also an ascending branch: from worms to fish and birds, ..., then to predators and super-predators and at the top of the food chain - a man.

I don’t know how for you, but it seems natural to me. In synergetics, all objects are divided into “living” and “inanimate”. The main difference is that for "nonliving" conservation laws (energy, mass ...) apply, but for "living" these laws do not apply. The "living" receive all the necessary energy and mass from the outside, and outside they dump waste products. Therefore, the pastoral "ideal life" is possible only in a dead nature. But the "real life" is such that if you want to remain "alive", then you need to constantly fight for the right to live. And it does not depend on what the system is called "... ism."

[max702]

Well, see for yourself who will replace the current bourgeois society? There have already been precedents in history when mankind rolled back sharply, and the higher the peak, the greater the decline and the longer the return to the starting line, and here everything will fall apart and why? There can be no talk of any science, and with it all the wonders of civilization like medicine, electronics, etc., God forbid, the level of the beginning of the 20th century .. But here the problem arises, if then there were easily accessible resources (minerals, etc.) now they will not be! And there will be a plundered crap planet .. And how? knowledge is lost (this is inevitable) there are no resources (everything that was next chosen), problems above the roof .. How long will civilization recover? How will growth begin? There are no prerequisites for this .. Or we don’t know something very well ..

[Cube123]

Do you know a joke about a pessimist and an optimist?
It seems to me lamentations that everything around is so bad that it can’t be worse anymore, absolutely non-constructive. Well, yes, in the future we will all die, but it does not follow from this at all that it was not worth it and start living Quite a long time ago in "Crocodile" was the heading "Muddle Dictionary". And there I remembered a very curious definition of "Little things in life - events that occur between birth and death"
And returning to what you write, my opinion is this: modern capitalism is much closer in structure to living nature than the socialism that they tried to build with us. The principle of Darwinian selection underlying it is much more effective! and more objective !!! than the "man-made" principles of building a society. In this sense, it seems to me (maybe I'm wrong) that the transition from capitalism to socialism was not progress, but a regression. An attempt to return to a patriarchal society.
In general, mathematics convinces me of this. The more I dealt with the solution of optimization problems, the more I realized that the less "assumptions about the nature of the problem being solved" are laid in the initial conditions, the better the results will be. "Blind search" found much more effective solutions than I could create, with my "fiction of brain substance" In general, this is what allows me to look to the future with optimism.

[myrzilka]

Small Brittons have the largest debt. And they will also have to pay for leaving the EU.

[Cube123]

Quote: myrzilka

Small Brittons have the largest debt. And they will also have to pay for leaving the EU.

We recall that today there are 16 countries (there were more before) in which Queen Elizabeth II is a monarch and acts as the head of state. For example, such as Australia, Canada, New Zealand ...

[Andrey Ostroushko]

Cube123, you are manipulating concepts. External (commercial) and state (sovereign) debts of the state are completely different things. But we are talking about the US government debt, with which we are comparing. So, today the sovereign state debt of Russia is the smallest among the developed countries of the world - 11,8% of GDP or 152 billion dollars. Commercial external debt (including investments by foreign countries) is one of the smallest -28% of GDP. Here's a living table: http://www.usdebtclock.org/world-debt-clock.html

[Cube123]

That you do not take into account the situation in full. Yes, the state debt of Russia is small. But, the state cannot allow the bankruptcy of large companies with state participation. Therefore, in the case of stringent requirements, they will have to help. That is why the Central Bank of the Russian Federation considers the total debt. If you borrowed in currency, then you have to repay it. And for this you need to have a foreign exchange reserve. Because at the right time, they may not sell the currency to us.
The scheme is known. They give me a loan, and then you can’t give, bankrupt the profitable company and give it back for one dollar.

[SlavaS]

If the US is doing badly, then we are waiting for a cap payment increase. repairs

[Plate]

We have already seen such "bad" news. More recently, here. They quietly raised the ceiling of the public debt and went on to borrow. So everything is in order. Again they will raise and everything will be in order. I agree with Trump, to remove this ceiling, all the same, it is constantly being raised, so there is no sense in it anymore.

[rotmistr60]

the size is $ 20,5 trillion, which exceeds the country's GDP

You need to be able to be head over heels in debt and at the same time dictate your terms not only in the economy, but also in politics. This is what a green piece of paper does to the world. Whoever got up, that and slippers.

[tol100v]

Quote: rotmistr60

Whoever got up, that and slippers.

Slippers can be White! But, carriers of “slippers” will again raise the level!

[The black]

In order to postpone its alleged collapse, the United States will annually organize "democracy" in countries around the world, crushing them for themselves and shamelessly robbing.

[Same lech]

Where is our unforgettable Leontiev with his favorite topic about the dollar and the US Federal Reserve ...
I believe that the printing press will be turned on as always and all fans of the dollar system will exclaim amicably ... BASED ... may the everlasting green and everlasting piece of paper with a portrait of GEORGE WASHINGTON be blessed.

[dvina71]

Quote: The same LYOKHA

I think the printing press will be on as always

And this will only accelerate the formation of alternative financial structures that have already arisen ... that will gradually lead to the leaching of the dollar from international payments ..
You can’t do this abruptly, simply because it will lead to serious disasters .. until the war ..
Well, in principle, what we see .. Industry has moved to Asia .. Now there is a struggle for energy sources .. so far equal ..
There is another option .. for a Neanderthal man .. sitting pouting and threatening everyone with a baton .. simply and efficiently, but in a dead end.

[aszzz888]

Recall that in September 2017, the US government debt for the first time in history stepped over the mark of 20 trillion dollars, exceeding 100% of the country's GDP.

... they will cut the machines, unwind the rolls of paper, roll up the paint and draw greenery as much as you want ...

[Cube123]

Quote: aszzz888

... they will cut the machines, unwind the rolls of paper, roll up the paint and draw greenery as much as you want ...

Your technology is out of date
Now it’s easy enough to add zeroes on the keyboard

[aszzz888]

Now it’s easy enough to add the zeros on the wassat keyboard

... and divorce the pairs ...

[AnpeL]

A good idea in itself with this public debt limit. Debt approaches the ceiling and again, as if raising the bar a little, and it seems like the country is not at all in the pre-default state and everything is good, you can go further into the credit peak.

[Azim77]

Yes, as time flies, debt has already grown by 2 times. Who else is willing to give a loan? Arab countries ran out of steam. Japan, South Korea, Europe in the same place. And to pick up what is bad in the “non-partner countries” is getting harder and harder. It is time to recognize the "exceptional" default. Maybe they will become people. As everyone.

[dm_Russia]

Quote: Azim77

Maybe they will become people. As everybody.

Funny joke. Cheerful.

[My doctor]

Quote: Azim77

Yes, as time flies, debt has already doubled. Who else is willing to give a loan? Arab countries ran out of steam. Japan, South Korea, Europe in the same place. And to pick up what is bad in the “non-partner countries” is getting harder and harder. It's time to "recognize" default already

You will not believe it, but they owe most of the money to themselves. They have such a speculative economy that they can borrow the same dollar many times.

[Slipper 2]

Learn Blessed, It Is Not At All
Only the Yankees can be so beautiful ... well, the maskwitches learned a little bit

[Egorovich]

Surprised by what, every year such a catavasia. By February, they will raise the ceiling of the state debt and everything will go as it should. The money stamping machine is the only one in the world, they will print as much as necessary.

[groks]

Raise the bar, what problems.

[myrzilka]

Here at this pre-default moment, and go to peg the ruble and the yuan to gold But this is just a dream. Because the shake will be fierce. And not only for the global economy, we are also integrated into this Western cesspool.

[Same lech]

we are also integrated in this western cesspool.

Sucks sitting in the ass of the United States without any chance to get out of there ... smacks of sadomasochism.

[myrzilka]

Maybe they would like to get out, but the government stubbornly, with all five, thrusts back, and deeper.

[Sands Careers General]

Only a major war will help the United States nullify this truly gigantic debt. A big, bloody war.

[cniza]

This is exactly what they are going to, but then it may turn out that our ball will disappear, which is why they are tormented in search of solutions, setting fire to small conflicts around the world, which keeps them afloat.

[SlavaS]

the ball will not disappear, it’s too early

[myrzilka]

They could have arranged a war with the DPRK, but the Oblomingo bird flew in. Kim got a vigorous rocket. They flew with Syria because of us. Iran remains, but even here there are problems.

[Dormidont]

Ok if so

[Zomanus]

Yes there will be no default.
Again the war of nerves and again Congress will guess for themselves nishtyaki
and sold to raise the level of public debt.

[Seraphimamur]

Yes, even wrappers print. And if so bad, then why did Russia again buy government bonds from amers again that year?

[_Jack_]

Recall that in September 2017, the US government debt for the first time in history stepped over the mark of 20 trillion dollars, exceeding 100% of the country's GDP.

They will remember it with a smile when it exceeds 200% of GDP, and they will still wonder - when will it end?

[Lexus]

Our hucksters are already rubbing their hands in anticipation of how they will once again fill their pockets, hiding under the magic words: "crisis", "default", "devaluation", etc.

[voyaka uh]

Default will mean that
state employees museums, national parks and
postmen will be sent on unpaid leave.

[Sergeant71]

Quote: Cube123

Quote: dvina71

Quote: jolly deckhand

And the fact that we have defaulted

How is it with us? The debt burden on our budget is minimal .. Although .. I understand ... you don’t have it with us, but you really already have a default .., even though they turn a blind eye to this ..

Go to the website of the Central Bank of the Russian Federation https://www.cbr.ru/statistics/?Prtid=svs&ch=i
tm_45927 # CheckedItem
External debt as of 01.10.17 - $ 536,659 billion.
International reserves as of 01.12.17/431,636/XNUMX - $ XNUMX billion.
T.O. if at the same time demanding a debt repayment from Russia, there is a gap of $ 100 billion.

No one can demand anything at the same time. There are clear schedules for the repayment of sovereign debts for each specific case. And this applies to both the Russian Federation and the United States. So any speculation on this subject is nonsense.

[myrzilka]

The only thing that is not nonsense is to throw off all the papers of America for payment. And better together with China. But this is fantastic - for now.

[BAI]

Debt 100%? What nonsense. In Japan, more than 200% and no one feels flawed and not worried.

[APASUS]

Who would doubt that he would raise it!
Through this tool, the Americans imposed an additional tax on the whole world. Yes, as long as they have a printing press in their hands, this will continue.

[Lena Petrova]

Quote: Magic Archer

If the mattresses are not doing well at home, then wait for the war! So all of their presidents did. A little what problems, we need a war to distract from them

Only wars have changed a bit since the last world war. There may already be no one to enjoy the results.

[faterdom]

Donald Trump said the need to get rid of the ceiling of the US public debt, which, according to him, is “not mandatory

Of course, in FIG who needs it, the ceiling! Our roof is blue sky!