The United States often has fiscal deficits, so why is the United States still the richest country i

Although the United States often has fiscal deficits, the national fiscal revenue of the United States is also high, and the fiscal deficit is only that the expenditure is greater than the revenue, but the total economic volume of the United States is still quite large.

Although the United States often has fiscal deficits, the economy of the United States is still highly developed, and the per capita income is relatively large, and the fiscal deficit can only indicate that they consume more.

The United States often has fiscal deficits, and I personally think it is because the United States is developing rapidly and its country is different from other countries, and some people there are indeed very rich, so it is still the richest country in the world.

The U.S. has a staggering $23 trillion in fiscal deficits, so why is the U.S. still the richest country in the world? This is related to the US dollar, the currency used by the United States, which is the world's common currency, and most of the international settlements are in US dollars, and the foreign exchange reserves of many countries are also in US dollars. Therefore, when Americans don't have enough money, they start printing presses to print US dollars, and pass on the burden of inflation to the people of all countries in the world.

The United States often has fiscal deficits, and the United States is still the richest country in the world, because the dollar is relatively circulated in the world, and the United States' investment in major countries has not been interrupted, so even if the United States often has fiscal deficits, it is still a very powerful country.

1. The reason for the soaring fiscal deficit in the United States is not special, the financial crisis has triggered a global economic crisis, the recession in the United States has led to a reduction in national tax revenues, and the implementation of various emergency economic relief programs and the formulation of new long-term social welfare measures have led to an increase in spending.

2. As early as the mid-70s, the U.S. fiscal deficit has been rising since the delicate period, mainly due to the following reasons: slow economic growth, resulting in a decline in the growth momentum of fiscal revenue; The increase in the poverty rate has led to an increase in social welfare expenditures; Social welfare, social security allowances are linked to the price index, which increases the spending pressure in the case of inflation; After Reagan took office in 1981, he emphasized the expansion of US defense capabilities, resulting in a rapid increase in federal defense spending; Since the mid-70s, the budget deficit and the size of the national debt have been increasing, resulting in an increasing burden of interest payments on the federal government.

1. The reason for the soaring fiscal deficit in the United States is not special, the financial crisis has triggered the global economic crisis, the recession in the United States has led to a decrease in national tax revenues, and the implementation of various emergency economic relief programs and the formulation of new long-term social welfare measures have led to an increase in spending on the country.

2. As early as the mid-70s, the U.S. fiscal deficit has been rising, mainly due to the following reasons: slow economic growth, resulting in a decline in the growth momentum of fiscal revenue; The increase in poverty rate has led to an increase in social welfare expenditures; Social welfare and social security allowances are linked to the price index, which increases the pressure on spending in the case of inflation; After Reagan took office in 1981, he emphasized the expansion of US defense capabilities, resulting in a rapid increase in federal defense spending; Since the mid-70s, the budget deficit and the size of the national debt have been increasing, resulting in an increasing burden of interest payments on the federal government.

1. The reason for the soaring fiscal deficit in the United States is not special, the financial crisis has triggered the global economic crisis, the recession in the United States has led to a reduction in national tax revenue, and the implementation of various emergency economic relief programs and the formulation of new long-term social welfare measures have led to an increase in expenditure.

2. As early as the mid-70s, the U.S. fiscal deficit has been rising, mainly due to the following reasons: slow economic growth, resulting in a decline in the growth momentum of fiscal revenue; The increase in poverty rate has led to an increase in social welfare expenditures; Social welfare and social security allowances are linked to the price leakage index, which aggravates the expenditure pressure in the case of delicate inflation; After Reagan took office in 1981, he emphasized the expansion of US defense capabilities, resulting in a rapid increase in federal defense spending; Since the mid-70s, the budget deficit and the size of the national debt have been increasing, resulting in an increasing burden of interest payments on the federal government.

The emergence of the fiscal deficit is caused by the fact that the budget revenue is less than the budget expenditure in the fiscal year, and the way to make up for it is to issue treasury bonds, which are purchased by the people, financial institutions including banks, and foreign countries, and repay the principal and interest when due. The United States has a deficit, China also has a deficit, and deficits are a regular national phenomenon, as long as they are controlled within a certain range (the internationally recognized warning line is 3% of GDP), it will not have a negative impact on the national economy.

The U.S. fiscal deficit is also covered by the issuance of U.S. Treasury bonds. As far as I know, all commercial banks in the United States are privately owned, and there are no state-owned banks. According to U.S. law, U.S. banks, the Federal Reserve, are not allowed to buy bonds, while private commercial banks are allowed.

Of course, not only U.S. commercial banks are buying, but China has also bought U.S. Treasury bonds, and a large part of our foreign exchange reserves are in the form of U.S. Treasury bonds.

Banks in China are also divided into ** banks and commercial banks. **Banks are state agencies and are likewise not allowed to buy our country's own treasury bonds; China's commercial banks have undergone restructuring and there are no completely state-owned banks, and China Agriculture, Industry, Construction and Communications are the five major state-level joint-stock commercial banks, while the other commercial banks are all privately owned joint-stock banks. China also has a fiscal deficit, which is also made up by issuing treasury bonds, and this treasury bonds are mainly absorbed by our own country, including treasury bills bought by ordinary people and treasury bonds subscribed by banks.

One more point here is that the landlord is a little confused about the nature of the bank's money. The money of the bank is all depositors' money, which can be considered as the money borrowed by the bank from the depositor, and the interest is a kind of remuneration paid by the bank to the depositor for this kind of borrowing. In the past, the four major banks of the China Peasants, Industry and Construction were state-owned, but the money belonged to the people, and the bank's purchase of treasury bonds was tantamount to an investment behavior carried out by the bank after borrowing money from the people.

State-owned banks can't just use depositors' money, right? It is also borrowed from the bank, which is indirectly equivalent to borrowing from the people.

Who to borrow? China, and of course Japan.

Why can I borrow money? Quite simply, the dollar cannot be used for domestic consumption in China or Japan at all, and it is a piece of paper to put it mildly. ）。

These papers can only be invested in the United States. So what can you vote in the United States? It can only be a national debt.

In other words, lend dollars to the United States.

Can I not borrow it? OK. However, as soon as the United States is poor, it will set up all kinds of ** barriers and prohibit your products from being imported.

Then your products will not be able to enter the United States, and China's export-dependent enterprises will not survive, and the entire industrial chain will be hit even by the suppliers of these enterprises. To put it bluntly, it is the dollar that remains in the country, and it is useless to take it and suffer losses for its own business; Lending, to the United States, can also drive the development of the industrial chain.

So why is China so many dollars? Because now China's foreign affairs are settled in US dollars instead of RMB. China has always wanted to use RMB to settle (to improve the international status of RMB), but thinking about it, the Yankees always get in the way (definitely unwillingly, otherwise the United States' RMB reserves are too large, and they can only lend to China by mistake)...

Therefore, there is no way to do it, and the industrial structure determines it. It is said that in order to compete with the dollar, the Europeans made a euro for a while, and then they were played to death by the dollar, and now they are uncomfortable.

Therefore, it is one thing to say that the largest economies are the same, and when the real time is that the RMB is so bullish, that is to turn over.

Because the United States owes a lot of national debt, but the money that the United States makes is not used to pay off the national debt, and it is all used for development

Because a lot of social public expenditure in the United States is provided by enterprises, the part supported by ** is relatively small, such as pension insurance, you can choose one yourself, and hospitals are opened by medical insurance companies. Public areas can be auctioned for maintenance with a management fee.