G is a 24 hour digital bureau: The United States is slowly moving towards bankruptcy! Donald Trump has won again in the United States election by defeating Kamala Harris. But even if he comes to power for the second time, it is believed that Trump’s reign will not be so smooth. Because of the increasing debt burden. The world’s largest economy now has a total debt of $36 trillion. In the last 316 days, the country’s debt increased by 6.3 billion dollars every day. In Indian currency it is about 5,31,94, 85, 78,490 taka.
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That huge debt burden means a $108,000 debt burden on every person in the United States. It can only be compared with the period of World War II. The debt burden of the United States has been increasing since the corona epidemic. At that time the debt had increased to 16 trillion dollars.
According to a report, the debt burden on the United States has increased at an incredible rate over the past two decades. In 2000, the nation’s debt was $5.7 trillion. And in 2020 it will increase to 23.2 trillion dollars. Experts from the United States Congressional Budget say that the debt burden could reach 54 trillion dollars in the next decade. At present, the country’s debt is equal to 125 percent of the country’s GDP.
What could be the result of this huge debt? Experts say that the country’s debt to GDP ratio will stand at 200 percent in the next few years. This can lead to slow infrastructural development, salaries of government workers and weakening of education and health infrastructure.
To deal with the situation, the Trump administration is going to emphasize on reducing government spending and increasing the performance of the country’s people. Elon Musk and Vivek Ramaswamy have been given responsibility for this.
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