The United States are heading for a debt crisis: Former Vice President Mike Pence

Mike Pence – ehemaliger Vizepräsident der Vereinigten Staaten – glaubt, dass sein Land aufgrund der unverantwortlichen Fiskalpolitik der Regierung in den nächsten 25 bis 30 Jahren auf dem Weg in eine Schuldenkrise ist. Innerhalb von 3 Jahrzehnten behauptete er, dass die Schulden der Nation auf 150 Billionen Dollar ansteigen könnten. Unüberwindbare Schulden In einem (n Interview In der Squawk Box von CNBC kommentierte Pence am Mittwoch das Rekordhoch der Vereinigten Staaten Inflationdie ihre Ursache weitgehend auf „unnötig“ festnagelt Covid-Hilfsausgaben von der Demokratischen Partei im Jahr 2021. Das „eigentliche Problem“ betrifft jedoch die US-Staatsverschuldung, für die Präsident Joe Bidens derzeitige Politik …
Mike Pence - former Vice President of the United States - believes that his country will be on the way to a debt crisis due to the irresponsible fiscal policy of the government in the next 25 to 30 years. Within 3 decades, he claimed that the nation's debt could increase to $ 150 trillion. Insurable debts in a (n interview in the Squawk Box by CNBC on Wednesday the record high of the United States Inflationing the CoVid Aid Expenses from the Democratic Party in 2021 commented on the United States.
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Mike Pence-former Vice President of the United States-believes that his country will be on the way to a debt crisis due to the irresponsible fiscal policy of the government in the next 25 to 30 years.

within 3 decades he claimed that the nation's debt could increase to $ 150 trillion.

insurmountable debt

in one (n Interview In the Squawk Box from CNBC, Pence commented on Wednesday. "Unnecessary" nailed Covid aid editions from the democratic party in 2021.

The "actual problem", however, affects the US state debt, for which President Joe Bidens is current politics "bankruptcy", according to the former vice president.

"We will see a debt crisis in this country in the next 25 years that will be driven by claims, and nobody in Washington DC wants to talk about it," said Pence.

Uns state debt is currently around $ 32 trillion. This corresponds to a debt of almost $ 250,000 per US taxpayer and is 34 % higher than the GDP of the country of $ 26 trillion. As Pence explained, the last time that the public debt corresponded to GDP was shortly after the Second World War.

Stust-the-state budget deficits of the federal government-now over $ 1.4 trillion annually-only exacerbate the problem year after year, with forecasting that the debt could increase by a further $ 120 trillion in the next 30 years.

If nothing has been done by then, the only remaining solutions will be "to double wage taxes or to shorten benefits for those they really need". However, milder reforms could be taken today that would help to contain the debts without cutting people from vital services.

"I think the next President of the United States has to deal with the American people, and we have to take decisive and visionary steps to put our financial center in order," he concluded.

Bitcoin and debts

In 2021, Senator Cynthia Lummis (R-WY) insulted the congress and the bidet government because they raised the debt limit and the "impending, predictable, massive problem" of the increasing public debt were not approached. In contrast to Pence, however, she characterized the topic as something that is ignored by both parties - not only by the Democrats.

"Thank God for Bitcoin and other digital currencies that overcome the irresponsibility of governments-including our own-" she said called

A possible state debt spiral is often regarded as one of the ultimate bullfalls for Bitcoin, which will lead to an increase in money pressure increased.

Selected image with the friendly approval of Bloomberg

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Mike Pence – ehemaliger Vizepräsident der Vereinigten Staaten – glaubt, dass sein Land aufgrund der unverantwortlichen Fiskalpolitik der Regierung in den nächsten 25 bis 30 Jahren auf dem Weg in eine Schuldenkrise ist. Innerhalb von 3 Jahrzehnten behauptete er, dass die Schulden der Nation auf 150 Billionen Dollar ansteigen könnten. Unüberwindbare Schulden In einem (n Interview In der Squawk Box von CNBC kommentierte Pence am Mittwoch das Rekordhoch der Vereinigten Staaten Inflationdie ihre Ursache weitgehend auf „unnötig“ festnagelt Covid-Hilfsausgaben von der Demokratischen Partei im Jahr 2021. Das „eigentliche Problem“ betrifft jedoch die US-Staatsverschuldung, für die Präsident Joe Bidens derzeitige Politik …
Mike Pence - former Vice President of the United States - believes that his country will be on the way to a debt crisis due to the irresponsible fiscal policy of the government in the next 25 to 30 years. Within 3 decades, he claimed that the nation's debt could increase to $ 150 trillion. Insurable debts in a (n interview in the Squawk Box by CNBC on Wednesday the record high of the United States Inflationing the CoVid Aid Expenses from the Democratic Party in 2021 commented on the United States.

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