In the US, the report, which tells, that the state itself pushes itself into a corner, again substantially increasing military spending. in the report, prepared in the budget of the US Congress Subcommittee, states, what to 2020 , the psychological bar of the budget of Ministry of Defense of the United States will overcome the deficit in 1 trillion dollars.
The report states that, that the steps to build a permanent US military budget due to "threats, emanating from China and Russia ", They are not compatible with the expected 6-month reduction in tax collection.
In the House of Representatives noted, that the chosen policy of increasing military spending against the backdrop of the deteriorating situation with tax collection suggests, that the United States is economically ill-prepared for the real confrontation with the same China. Representatives of the Democratic Party state, that "spending on defense Trump seems unreasonable and even reckless". added, that funds are allocated simply because, that the "so it is accepted", excluding the possibility of any real returns on such investments.
from the statement:
We stand on the edge of a huge budget hole and did not know, what to do in such a situation.
Supporters of the extension on the military spending parry the, that defense spending to stimulate growth in the economy, and economic growth in turn is able to partially cover the deficit arising. To date, the US GDP growth recorded at around 2,8%, Trump has called his greatest accomplishment as president.
In this case, the total debt of the USA continues to break records. Today it is 21,17 trillion dollars.
