This happy situation will enable us to avoid defaulting on our enormous public debt for the foreseeable future.

这种让人感到愉快的处境使我们在可预见的未来可以避免陷入无法支付巨额国债的局面。

youdao

At the moment, the US has outlined less than half of the tax increases and spending cuts necessary to bring its public debt down in the medium term, the IMF calculated.

根据IMF的估算，目前美国出台的增税和支出削减措施，其力度还不到在中期压低公共债务所需水平的一半。

youdao

If you are a country like the US, the UK, or Japan that can monetize its fiscal deficits, then you won't have a sovereign debt event but high inflation that erodes the value of public debt.

如果你是一个类似美国、英国，或日本那样的国家，可以货币化自身的财政赤字，那么，你将不会发生主权债务问题，取而代之的是稀释公债价值的高通货膨胀。

youdao

Unfortunately,the president has given us a budget that grows our debt so much that our public debt will double within six years and triple in a little over 10 years,".

VOA: standard.2009.03.24

As I understand it, our national public debt was borrowed, in US dollars, from India and China in the sale of Treasury securities purchased with the US dollars that came from the sales of consumer goods in trade imbalance that has lasted for better than a decade.

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Thus, even if the US is successful in reducing its fiscal deficit significantly, public debt relative to GDP continues to rise due to sluggish economic growth and a still high fiscal deficit.

FORBES: Is US Debt Problem As Big As The 1990s Latin America Crisis?

The IMF says that public sector gross debt as a percentage of GDP for the US was 91.6% last year, rising to 99.5% in 2011 and is forecast to come in at 102.9% in 2012, despite assuming that the overall fiscal deficit declines by 3 percentage points to 7.1% of GDP.

FORBES: Is US Debt Problem As Big As The 1990s Latin America Crisis?