美国债务基本情况

美国债务基本情况 A4 nytimes.com/„/charting-the-amer„2页空白没2011-7-30 Charting the American Debt Crisi„ 用的，请掠过阅读吧哈,这2页空白没用的，请Log In Register Now Help HOME PAGE TODAY'S PAPER VIDEO MOST POPULAR TIMES TOPICS 掠过阅读吧哈, Search All NYTimes.com 请掠过阅读吧，哈哈哈 U.S. WORLD U.S. N.Y. / REGION BUSINESS TECHNOLOGY SCIENCE HEALTH SPORTS OPINION ARTS STYLE TRAVEL JOBS REAL ESTATE AUTOS POLITICS EDUCATION BAY AREA CHICAGO TEXAS Advertise on NYTimes.com TWITTER SIGN IN TO E-MAIL UPDATED July 29, 2011 SHARE Charting the American Debt Crisis America has a long history of raising the debt limit to accommodate spending. Below, a look at some of the issues in the debate over the nation’s debt. Published: July 27 When Money Will Run Out Payments That Will Be Due Estimates of When the U.S. Will Run Out of Money If Congress does not raise the debt ceiling, the U.S. Treasury will run out of cash reserves to pay for obligations like How the Debt Accumulated Social Security, Medicare and Medicaid, and defense contracts. The chart below shows the amount of the nation’s cash reserves and estimates for when it will run out if the debt ceiling is not raised. Related Article ? History of Raising the Limit How Bond Rates Could Rise May 16 As the U.S. reached its debt Aug. 3 Obama Aug. 10 limit, the U.S. Treasury instituted what administration Estimate by Secretary Geithner called ―extraordinary estimate for when it many Wall measures‖ to provide $232 billion while a will exhaust its Street and budget deal was negotiated. borrowing authority. Washington analysts. Source: Bipartisan Policy Center Published: July 29 Payments the Government Will Need to Make After Aug. 2 The United States pays billions of dollars in mandatory expenses every weekday. The government says Aug. 2 is the last day it can pay its bills if the debt limit is not increased. Here are estimates of the amount of revenue the government will receive each day and the payments due during the two weeks after the deadline. Est. total Est. total daily daily SocialInterest Defense Medicare/ WelfareFederalDept. of revenues expenses Security payments vendors Medicaid programs salaries Education In billions Other WEDNESDAY $23 $1.4 $2.2 $1.4 $1.8 $0.5 $1.7 $12 $32 Aug. 3 A large $23 billion Social Security payment is due the first day the government says it will be unable to pay all obligations. THURSDAY $1 4 $3 1 $1 1 $0 5 $0 5 $3 4 $4 $10 1/5 2011-7-30 Charting the American Debt Crisi„ $1.4 $3.1 $1.1 $0.5 $0.5 $3.4 $4 $10 Aug. 4 $91 billion in short-term debt matures. FRIDAY $2 $2.2 $1.1 $1 $3.4 $2.3 $7 $12 Aug. 5 Paycheck s due to federal employees. MONDAY $1.4 $2.2 $1.8 $1.5 $1.6 $2.5 $11 $11 Aug. 8 TUESDAY $1.4 $2.5 $1.4 $1.5 $0.5 $3.7 $4 $11 Aug. 9 WEDNESDAY $8.5 $1.4 $2.2 $1.4 $0.8 $0.5 $4.2 $10 $19 Aug. 10 $8.5 billion in Social Security payments are due. Many analysts predict this as the day the government will no longer be able to pay all its bills. THURSDAY $1.4 $3 $1 $0.6 $1 $4 $3 $11 Aug. 11 $93 billion in short-term debt matures. FRIDAY $2 $2.2 $3 $0 $10 $9 Aug. 12 MONDAY $29 $1.4 $2.2 $2.1 $0.8 $0.5 $2 $22 $41 Aug. 15 A major $29 billion interest payment is due. Long-term debt worth $27 billion matures. Many analysts predict this is the latest possible date the government would be able to pay its obligations. Source: Bipartisan Policy Center Published: July 28 How the U.S. Got $14 Trillion in Debt and Who Are the Creditors Who Holds the Debt When the Debt Was Accumulated $14.3 trillion President Obama (2009-11) Stimulus Includes debt held by spending, tax cuts, and the effects of 2007-9 individuals, corporations, banks recession in lost revenues and automatic and insurance companies, The spending, like unemployment compensation. pension and mutual funds, Public state and local governments. China George W. Bush (2001-9) Tax cuts, the wars Japan in Iraq and Afghanistan, economic downturn in Foreign Britain 2001 and recession starting in 2007. Countries Oil-exporting countries Other countries FEDERAL RESERVE SYSTEM Bill Clinton (1993-2001) Despite two years of Includes collateral for U.S. on-budget surpluses, deficit spending in other currency and store of liquidity years added to the debt. for emergency needs. George Bush (1989-93) The first gulf war and SOCIAL SECURITY TRUST U.S. Gov’t lower revenue from a recession. FUNDS Surpluses generated by the program that have been Ronald Reagan (1981-89) Peacetime defense invested in government bonds. spending and permanent tax cuts. Before Reagan (1981 AND EARLIER) Deficit OTHER GOV’T TRUST FUNDS spending from wars and economic downturns. Sources: Department of the Treasury, Financial Management Service, Bureau of the Public Debt; Federal Reserve Bank of New York; Office of Management and Budget nytimes.com/„/charting-the-amer„ 2/5 2011-7-30 Charting the gAmerican Debt Crisi„ g Published: April 10 How Often the Debt Limit Has Been Raised By the Treasury Department's count, Congress has acted 78 times since 1960 to raise, extend or alter the definition of the debt limit — 49 times under Republican presidents, and 29 times under Democratic presidents. Related Article ? In 1940, the debt limit was The debt limit has been Proposals would about $43 billion. It was increased 140 percent raise the limit of raised as high as $300 since 2000, when it $14.3 trillion by billion during World War II. was $6 trillion. $2.5 to $2.7 trillion. U.S. Debt Limit Since 1940 Debt Limit as a Percentage of G.D.P. Sources: Office of Management and Budget; Bureau of Economic Analysis Published: July 26 How Bond Rates Could Rise If the U.S. Rating Is Lowered If the AAA rating of the United States was lowered, bond rates would most likely rise, making it costlier to pay the interest on its debt. Related Article ? STANDARD & POOR’S SOVEREIGN 10-YEAR GOVERNMENT BOND YIELD RATING OUTLOOK Switzerland AAA Stable 1.5% Hong Kong AAA Stable 2.3 Sweden AAA Stable 2.7 Germany AAA Stable 2.7 Canada AAA Stable 2.9 United States AAA Watch Neg. 3.0 Denmark AAA Stable 3.0 Britain AAA Stable 3.1 Netherlands AAA Stable 3.1 Finland AAA Stable 3.1 Norway AAA Stable 3.2 Austria AAA Stable 3.3 France AAA Stable 3.3 Australia AAA Stable 4.9 Belgium AA+ Negative 4.3% nytimes.com/„/charting-the-amer„ 3/5 2011-7-30 Charting the American Debt Crisi„ g g New Zealand AA+ Negative 5.1 Slovenia AA Negative 4.3% Spain AA Negative 6.0 Japan AA– Negative 1.1% China AA– Stable 4.1 Slovak Republic A+ Stable 4.2% Italy A+ Negative 5.6 Czech Republic A Positive 3.9% South Korea A Stable 4.2 Israel A Stable 5.2 Malaysia A– Stable 3.9% Poland A– Stable 5.8 Sources: Standard & Poor’s; Bloomberg By AMANDA COX, ELAINE HE, ALAN McLEAN, KARL RUSSELL, ARCHIE TSE and LISA WAANANEN | Send Feedback Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Site Map ? 2011 The New York Times Company Privacy Your Ad Choices Terms of Service Terms of Sale Corrections RSS Help Contact Us Work for Us Advertise nytimes.com/„/charting-the-amer„ 4/5 2011-7-30 Charting the American Debt Crisi„ nytimes.com/„/charting-the-amer„ 5/5