Donald Trump don't cheat! CBO: United States interest expenses will exceed defense budget

Donald Trump has not assumed office, took his political views on Wall Street as an excuse to sell substantially.

"The economic growth rate up so interest rates should be higher" should be the investment bank created by the water of oblivion, chuanpuruo don't want to came were crushed by high interest rates, however, may now have to hurry to create Twitter weigh on the bond market, Facebook offensive short arrogance.

United States due diligence Federal Budget Committee (CRFB) recently pointed out that, according to United States Congress budget Office (CBO) of estimates, current tax, and deserve interests Act if no modified, future 10 years Federal Government of interest spending will jumped increased 196%, and increases high home the budget project of Crown, annual interest spending will from 2016 fiscal year (as September 2016 end of) of 241 billion dollars soared rose to 2026 fiscal year of 712 billion dollars.

CBO expects fiscal year 2027 United States Federal Government interest payments will exceed the annual defense spending. The past 20 years United States average 10-year bond yields was 4.2%, average 1.9%,CBO forecast to 2016 fiscal year 2020 would initially rise to 3.6%.

CRFB noted that by 2026 if interest rates more than the CBO expected over the period 1%, the United States federal debt amount will be more than $1.5 trillion.

CRFB said on December 9, with gradual aging of the population, want to let the United States maintain economic growth rate at 3.5% on the premise that productivity must be pulled high to have never seen high level in modern history. Trump has said that under his leadership, under United States economic growth rate can be easily increased to 4%.

Really that easy?

CRFB noted that United States last stand 4% for 10 consecutive years of economic growth was in the late 1960 's and the early 1970 's, productivity growth was Frank late 1990 's technology during the great leap forward and labour is significant growth. United States Bureau of the Census announced on 20th and period of 1 year as of July 1, 2016 United States population only increased by 0.7% to 323.1 million.

The Wall Street Journal reported that this is the lowest pace since the great depression. United States currently face the problem of not merely slowing population growth.

2016 11 United States do not work (Not in Labor Force) number 9, 5.055 million records, a record high since records began in 1975. Trump announced on December 17 to nominate members of the South Carolina House of Mick Mulvaney took over the White House's budget authority (OMB) Director. Trump said that the United States national debt approaching $20 trillion, Mulvaney's leadership and the United States taxpayers will finance back confidence in the country.

Fiscal hawks partisanship Mulvaney for the 2013 fiscal Cliff (at that time led the Federal Government to temporarily close) 's main supporters. CNBC reported in May that February 2007 book "Crash Proof:How to Profit From the Coming Economic Collapse" accurately predicted the financial turmoil leading euro Pacific capital (Euro Pacific Capital) CEO Peter Schiff (Peter d. Schiff) in the "Futures Now "programme pointed out in an interview, Trump knows United States sooner or later the Government declared default on its debt, he said in an interview with CNBC television United States Government debt much unable to withstand higher interest rates.