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Can America pay its public debt

Author

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  • Rabie, Mohamed

Abstract

The papers argues that the United States is unable to service its public debt without going deeper in debt, let alone repay it. the debt which has already exceede $15.3 trillion is expected to reach $20 trillion in 2015 and between $28 to $30 trillion in 2022.

Suggested Citation

  • Rabie, Mohamed, 2011. "Can America pay its public debt," MPRA Paper 39516, University Library of Munich, Germany, revised 17 Jun 2012.
    • Handle: RePEc:pra:mprapa:39516
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    File URL: https://mpra.ub.uni-muenchen.de/39516/1/MPRA_paper_39516.pdf
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    More about this item

    Keywords

    debt crisis; American public debt;

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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