Thus the us debt will almost double surging from the current 19 trillion dollars to 30 trillion dollars such a tendency may have disastrous consequences for the us economy moreover the current state of affairs causes frustration in the american public and requires urgent measures of the us government. In fact the united states could run a much higher debt to gdp ratio than it does now and still not face economic collapse japan is another strong economy that controls its currency its had a debt to gdp ratio above 200 for years its economy is sluggish but in no danger of collapse the united states wont default on its debt most members . Most recently the us economy almost collapsed on september 16 2008thats the day the reserve primary fund broke the buck the value of the funds holdings dropped below 1 per share panicked investors withdrew billions from money market accounts where businesses keep cash to fund day to day operations if withdrawals had gone on for even a week and if the fed and the us . At the moment the us economy stands on the precipice of a historic economic collapse because of the current economic disruption we have had a debt driven economy and right now the national . How to eliminate the national debt and save the american economy in 4 years but the entire national debt it would also eliminate the need for the federal government to collect direct taxes
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