Ft: the United States will be useful to go bankrupt

The United States will be useful to go bankrupt, according to The Financial Times . When Winnie the Pooh was asked what to smear on bread - honey or condensed milk, he replied: "Both that!" The Americans are equally infantilized, requiring both taxes, and increase social payments, and the largest defense budget in the world, quotes the article in the FT site inopressa.ru .

As a result, the United States crashes into debt, and they have no realistic plan for curbing a budget deficit in the medium period yet. Sooner or later, it will smell bankruptcy. Paradoxically, it will be better if the crisis happens as soon as possible, writes FT, referring to the experience of China and India.

The two most grandiose and beneficial geopolitical phenomena of the last 30 years - the spread of democracy and globalization - are due to the fact that a number of countries have been on shallows, the newspaper believes. The difficult economic situation helped to convince Gorbachev of the need for perestroika. The prospect of bankruptcy also improved the British economy in the mid-1970s and French in the early 1980s.

For most normal countries, it is better to be on the verge of bankruptcy than to really fall into the Niagara Waterfall of Defolt, the Financial Times argues. The atmosphere of the crisis strengthens the position of reformers in the government, but default undermines the trust of citizens and investors. If America is lucky to experience a fiscal crisis, we will need that it will not be in vain, Rechmen concludes.