American "country of debt! "Problem

The upper limit raising the federal debt in the year ended March 31 - Parliament 1: "US Treasury Secretary Timothy Geithner
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=a0zptzebT5KI
US Treasury Secretary Timothy Geithner is the 6th, to the Congress, was asked to raise the debt ceiling of the federal government in this year from January to March (first quarter). If it is not raised, it was warned that the United States is likely to be unable to access the credit market of the world.
Geithner Secretary in a letter addressed to lead the Senate Majority Leader, unless raising Congress the debt ceiling, "the Ministry of Finance was forced to default of the United States of the legal obligation, the economy and will be subject to catastrophic damage .2008 - it pointed out that there is likely to be terrible than the adverse effect of the '09 financial crisis. "
The Ministry of Finance, is that there is a possibility to reach the debt limit to March 31 at the earliest, could reach the upper limit of the "most high" have until May 16 from the same day. Geithner Secretary in a letter, the current debt ceiling is 14 trillion 290 billion US dollars, in this situation, it is explained that it is about $ 335 billion left until the upper limit. "

Speaking What is this federal government debt ceiling, literally,
"Debt of the United States federal government, must not exceed this line."
It will to bind a "legal" that. Because after all the law, unless the United States Congress me resolved that "acknowledge the upper limit hike", the United States government is a translation becomes impossible to increase the debt balance.

Apart from the present invention is not limited to the United States, actually has a law called "Do not issue the deficit bonds" in Japan, usually every time at the end of the National Assembly "This is special nice I" and we are a parliament resolution called. If this resolution is not done, the government is not making it impossible to increase the debt balance.

Well, debt of the United States federal government, will be referred to as a 13 trillion 955 billion US dollars at the moment. We will there always referred to as a "country of debt!" About 1186 trillion yen. The United States previously (07 years ago) is the debt of the federal government was smaller than the Japanese government, but through the financial crisis and the collapse of Lehman Brothers, I have overtaken the stretch Japan.

The following is a movement of "important liabilities" balance of each economic entity of the United States that only sheet (liabilities side).

[America total liabilities transition of each economic entity (Unit: one billion US dollars)]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_32.html#USFusai

Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
Source: FRB

The financial crisis, especially since the Lehman shock, debt of the federal government (or say, only debt of the federal government) will you can confirm a state in which rapidly expanding.

Although the debt of the federal government is growing, because the other economic entities have gone to reduce across the board debt, total liabilities as seen in the "whole" of the United States, flat or has been slightly reduced. If the federal government at this time is to increase the debt on the stock, if the economic measures on flow (GDP), in the United States I think the reduction in the balance sheet of several trillion dollars has occurred. The fact that the balance sheet as stock is reduced, meaning that the amount of money, some spending in the flow (GDP) is "has not been." If no debt of the United States federal government has expanded since the collapse of Lehman Brothers, the country's GDP would have been pretty scary situation.

The "upper limit of the United States federal government debt", at the time of the Bush administration, and as during the Obama administration, has been lifted. A result, the United States is a translation was possible federal government debt expansion of only to prop up the stock and flow.

Also it is is where you want to believe that raising the upper limit without a hitch is performed this time, after all, the Democratic Party in the recent mid-term elections was defeated, we have grasped the initiative of Congress to Republicans. Even if not a tea party system Republicans is a "small government" principle's ticking, debt expansion of government, as it were from the opposition side,
"The government is using the just wasted money! Read the small government!" Do not increase the debt of the people "any more!"
It is not easy to do criticism campaigns such as.

Currently, from the effects of QE2, the expected high stock we have swing. For the American people, as higher stock is not in comparison with the people of Japan, it will give a positive effect. The reason is simple, because the 30 percent of the financial assets of American households has become the asset mix of stock. (In contrast, Japan is slightly 6.6%)

[Japan-US household financial assets (2010 June 30) Unit: trillion yen]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_32.html#Nichibei
Mitsuhashi Takaaki official blog "blog to a new century of Big Brother" Powered by Ameba
Source: Bank of Japan

Even to say that some stock is recovering, but I think things are not to reject raising of truly Republican "federal government debt ceiling." On the day that you really rejected, it becomes a "new government bond issuance Stop" of forcing the Hashimoto regime the Ninomai will not visibly.

It is attention to the movement of the future of the United States Congress.