Direct Translation via Google Translate. Edited.
[Regnum] The world has reached a stalemate with the US national debt. This opinion was expressed to a Regnum News Agency correspondent on July 1 by Yuri Tverdokhleb, Associate Professor of the Faculty of Finance and Banking at RANEPA, commenting on the opinion of analysts William Ruger and Thomas Savage. In an article for the American magazine The National Interest, they suggested that an increase in budget expenditures and national debt could lead to serious problems in the US economy, which would directly affect the country's defense capability.

In January, the US Treasury reported that the national debt had exceeded $34 trillion, increasing by $4 trillion during 2023. | Tverdokhleb agreed that the national debt is a serious problem for the US economy. He noted that the approaches to managing the foreign debt of US President Joe Biden and his predecessor Donald Trump differ greatly. Thus, during the recent debates, Trump proposed reducing the US debt by stimulating aggregate demand and production through tax reform and reducing the tax burden, including on large businesses. In his opinion, this could lead to economic revival and income growth due to increased production activity. These proposals of Trump are more rational and reasonable, the economist believes.
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