With a fiscal deficit of $20 trillion, why didn't the United States go bankrupt because of the interest paid every year?

Fiscal deficit refers to the difference between fiscal expenditure and fiscal revenue, which should refer to the national bonds issued by the US government, that is, the US debt. According to the latest data released by the US government, the total US debt has exceeded 2 1 trillion US dollars, and in September of 20 17, the total US debt exceeded 20 trillion US dollars. ?

(1) The United States is a big capital exporter, with total assets abroad exceeding $20 trillion, of which the total assets of the private sector are about 16 trillion. Their capital added value is very high, and the international rate of return is much higher than 5% of the US Bureau of Economic Analysis (the average rate of return on long-term government bonds). If calculated conservatively according to China's current economic growth rate, the actual rate of return of these assets is 10%. According to statistics, the difference has reached 1 trillion dollars. Half of this 2 trillion gap will be filled.

(2) The foreign debt of the United States is 4.5 trillion, and the average interest rate of these foreign debts is only 5%. If most of these foreign debts (3 trillion yuan) flow back to overseas emerging countries (just like banks), the return on assets will definitely exceed 5%. If we still calculate conservatively by 10%, this piece of American debt has earned back the spread of150 billion for nothing.

(3) The US dollar is the world settlement currency. In order to maintain liquidity, countries must hold dollars, and the interest rate on this part of dollars is very low. The United States has obtained higher returns from a large number of high-value assets exchanged by other countries with these dollars. Global foreign exchange reserves totaled 7.5 trillion US dollars, accounting for 60% of the US dollar. If 1/3 is liquid dollars, then the United States is equivalent to getting 2.5 trillion dollars of assets for free. If the return on these assets is 10%. This part of the assets, the United States a net profit of $2500 a year.

In addition, a large number of new immigrants in the United States bring a lot of assets, investment and technology every year, which is conservatively estimated at 400-500 billion US dollars.

Adding up the above four points, the net international financial payment of the United States should be balanced, and there may be a slight surplus every year. America is not as heavily in debt as we say or see.