Can America pay its public debt

Mohamed Rabie ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: debt crisis; American public debt (search for similar items in EconPapers)
JEL-codes: F01 H68 (search for similar items in EconPapers)
Date: 2011-06-15, Revised 2012-06-17
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