U.S. debt crisis
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12-Sep-2014 -
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Transcript of U.S. debt crisis
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US DEBT ISSUE
By HARSH PATHAK[34]
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US Debit Issue
History of US
Current position of US
Causes of the US debit issue
Impact of the debit issue
Future stratergies
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HISTORY
USA has been a strong economy.
The long term credit rating of USA was AAA.
What is the debt ceiling?
When there is a budget deficit , the only way that the shortfall can be paid off is by issuing of debt instruments. Under the federal law of US, the amount that the govt. can borrow is limited by the debt ceiling, which can only be increased with a vote by congress.
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CURRENT POSITION OF US
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Do you think it is a one day activity?
It took US more than 30 years to be at this position.
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CAUSES OF THE DEBT CRISIS
WAR AGAINT DIFFERENT COUNTRIES
BAIL OUT BY US ECONOMY
COLLAGE BUBBLE
SUB - PRIME ISSUE
RECESSION (2008)
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WAR AGAINST DIFFERENT COUNTRIES
US HAS GONE FOR WAR AGAINT IRAQ
US HAS GONE FOR WAR AGAINT AFGHANISTAN
US HAS ALSO SUPPORTED MANY WAR AGAINST IRAN,LIBYA AND MANY MORE
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BAIL OUT BY US ECONOMY
SOME RECENT BAILOUTS
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REAL POSITION
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COLLAGE BUBBLE
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SUB PRIME ISSUE
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RECESSION
Impact Of Debt Crisis
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Impact Of Debt CrisisWorld
• Adversely affecting the countries relying on exports to US
• Increase in Gold price• Fluctuations in stock Market
India• Increase in Unemployment• Loss by exporters-software• Fluctuations in stock market
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Future strategies
Expenses cutting down No tax increase Decrease in military
expenses Reconstructing the
economy Increase in employment Cutting down the inflation
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