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Earlier, President Jared Bernstein, previously served as the Council of Economic Advisors, previously served as a Council of Economic Advisors, if the United States began to appear as steady student loans, it continues to shock.
One New York Times on-ed On Wednesday, when he came to budget deficits, he has been a long time for a long time and previously claimed that financial hardness hurt more than good.
“Now. I join the hawk, for many other long time, because the budget mathematics of our nation is more dangerous,” said Bernstein.
In particular, he pointed out the math in the economic growth against debt interest. Governments, Bernstein, Bernstein, economist Olivier Blanchard’dan reference to the research, could protect the budget deficit if he asked for the research.
This is where the student debt is included. College graduates can continue monthly payments as long as they do not borrow and their revenues rise faster than credit debts.
“On the contrary, if they borrowed the hilt, and if the student grows faster than the income of credit debts, they can quickly trouble,” said Bernstein. “And this is where our country is currently.”
This is a terrible warning given Unusual rates increased The student loan results in between borrowers Salary seized and credit scores are reduced.
Federal student loans rose from 21 million to 45 million to 21 million between 2000 and 2020 after the number of Americans Institution of Brookings. Meanwhile, the total amount of $ 387 billion in this period is growing faster than any other form of household debt.
As for the financial issue of the federal government, American debt costs are considered better. Since the early 2000s, the fertility adjusted by 10 years of treasury inflation was lower than the 16-year forecast for economic growth.
However, recently recently increased its fertility rates to increase the aggression to increase the federal reserves in connection with the government spending over two%, over two%, over two%, in pandemic and higher inflation.
“This is a potential game change for debt sustainability,” said Bernstein.
Biden did not noted the debt of the leduction in the inflation inflation has added the trillions.
Instead, President Donald pointed out the economic policy of Trump, ie the trade war and the tax and spending bill in the law last week.
High tariff rates will be lower when increasing inflation and interest rates. At the same time, tax discounts will increase the debt and are likely to increase interest expenses for service.
Bernstein offered to conclude the government to conclude the “break moments” and financial responses to help prevent an effective debt shock to spend or increase tax.
The United States is already more likely to pay more debt than Medicare and protection. These interest payments will be followed by $ 1 trillion next year, only the government as the largest expense, according to To a responsible federal budget committee, a meditation center.
Meanwhile, Trump’s tax discounts and expenditures are expected to participate in trillions of trillions in the coming years in the coming years debt-indebted ratio Soon it is superior in Word-War War.
“However, the unstable removal of this road, as in a strong economy, higher levels and interest expenses, expenses in the last period, the debt and interest expenses have remained more than a part of the expenses,” said Goldman Sachs, last month
