September 16.1985-Since 1914 the United States become a debtor nation for the first time
(Yi Chou August two days), September 16, 1985, the United States for the first time since 1914 to become a debtor nation. In 1985 September 16, 1914 the United States first became a debtor nation on September 16, 2011
1985. A world economic power, the United States is now heavily in debt. This is an incredible change occurred in the United States since 1914. For years, economists have noted that the United States was led into the plight of the budget deficit. Deficit disclosed by the Department of Commerce data show that the U.S. current account deficit (including visible trade and invisible trade with other countries of the world as well as investment income, etc.) has been as high as $ 30 billion. Budget deficit just to offset the $ 30 billion surplus last year. In short, the external debt of the United States is higher than that of domestic debt. So, the debt will be more than the sum of interest paid to foreigners to pay it to the Americans.
this new financial position of the United States highly vulnerable to the impact of fluctuations in the international market. According to officials of an Institute for International Economics, said: "If the dollar tomorrow, we will suffer losses. "
Comment: I did not expect the economy less powerful countries will someday.
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