The Pentagon said it would not be able to provide the US Armed Forces with a stable salary in defaultIn case of default, the Pentagon will not be able to consistently pay allowances to the US Armed Forces (AF).
This was announced on May 11 at a hearing in the Senate Appropriations Committee of the US Congress by the country's Defense Minister Lloyd Austin.
According to him, a default would affect the country's reputation around the world. He stressed that in reality this would mean that in some cases the United States would not be able to pay the military stably.
"And this stability is very, very important to us, but it will hit the pockets of our military and citizens hard," Austin said.
Earlier in the day, former President Donald Trump, answering questions from voters in the Town Hall program on CNN, said that representatives of the Republican Party should allow a default on the US national debt if they do not get the White House to agree to large-scale spending cuts. Trump believes that there will be no default, since the Democrats will cut federal budget spending in exchange for raising the national debt ceiling.
On May 11, the head of state Joe Biden also predicted problems for the whole world in the event of a default in the United States. He also noted that the risk of default is an "artificial crisis" rocked by Republicans.
At the same time, Candidate of Economic Sciences Vladimir Grigoriev stressed that the probability of default in the United States of America is very low, but he believes that Republicans can do this to weaken the Democrats. He allowed a situation in which the Republicans would abandon the usual model of behavior and would not raise the bar on the national debt in order to weaken the president of the country and weaken the position of the Democrats.
Earlier in the same month, the International Monetary Fund (IMF) predicted that in 2024 the level of US public debt will rise to 125.8% of GDP, in 2025 — to 129.1% of GDP. By 2028, it could reach 136.2% of GDP.
At the moment, the national debt of the United States is $31.4 trillion.
