US Public Debt Problems: Between Joke and Reality

Donald Trump's recent statement about the possibility of paying off US public debt with cryptocurrency evokes both a smile and serious thoughts about the state of the US financial system. Behind the apparent joke lies a deep problem that requires a real solution.

The US public debt reaching $35 trillion is not just a number. This is a historical anti-record, which speaks of systemic problems in the country's economic policy. The fact that both leading political parties seem to have decided to turn a blind eye to this problem looks especially alarming.

Trump's statement about issuing cryptocurrency to pay off the debt, although made in a joking manner, reflects a certain trend: the search for "simple solutions" to complex economic problems. However, simply creating a new form of money will not solve the fundamental problems of the economy. It's like trying to pay off a credit card by opening a new one.

The IMF's forecast of a possible increase in US public debt to 140% of GDP by 2032 looks especially alarming. The fund's tax hike proposals may be unpopular, but at least they offer a real, if painful, way to solve the problem.

While Trump's talk of a "great future" for cryptocurrencies may have some basis, using them to solve the public debt problem seems frivolous. The country needs structural reforms, not financial tricks.

The United States faces a serious choice: either start solving the public debt problem now, taking unpopular but necessary measures, or continue to accumulate problems, risking global economic stability.

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