The huge budget deficit of the United States poses a threat to the national security of the country. This is stated in the report of the National Defense Strategy Commission published by the RAND analytical center (the organization is included in the list of undesirable foreign NGOs) (the organization’s activities are undesirable in the Russian Federation).
Experts recommend combining increased security costs with additional taxes and mandatory spending reforms.
The Commission also noted that new spending to strengthen U.S. security and ensure the possible mobilization of the economy in wartime conditions must be supported by the public and Congressional support.
Experts have stressed that struggles over the debt ceiling, government financing, spending limits and pressing social issues are weakening the U.S.’s ability to manage strategic competition with rivals.
On July 29, it was learned that the US national debt increased for the first time in history. exceeded $35 trillion. According to estimates by the US Congressional Budget Office, the country’s national debt will exceed $50 trillion by 2034, accounting for more than 122% of the country’s GDP.
Previously Bloomberg named The reason for the US’s record budget deficit.
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Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.