To "crash" of the U.S. economy remained five years

U.S. would lose the status of world's largest economy within five years, reports the Herald, with reference to the material of the newspaper The Daily Mail. According to a study of the International Monetary Fund, referred to The Daily Mail China will overtake U.S. economic indicators already in 2016, marking "the end of the century America." "This means that no matter who wins the presidential election in 2012: the next U.S. President will govern the country during her fall," writes the British newspaper. Global analysts earlier said the imminent Chinese economic leaders of the world. However, a specific time estimate for this event were first performed, the newspaper notes. If the IMF forecasts come true, and Communist China will overtake "the very great democracy in the world, the fate of the dollar, the rate of which in international markets is weakening now, will be questioned. On the eve of the international rating agency Standard & Poor's lowered its forecast of U.S. long-term rating from stable to negative. The rating outlook "shows a possible direction of movement of the rating in the next two to three years." Now the national debt amounts to U.S. $ 14.294 trillion, nearly 100% of GDP, the budget deficit this year will reach a record $ 1.5 trillion, experts predict. Several weeks ago, Barack Obama introduced the long-term plan to reduce fiscal deficits: for 10 years, he should be reduced by $ 3 trillion over 12 years - to $ 4 trillion. Obama offered to do it by abolishing the income tax incentive for the wealthy (families whose income exceeds $ 250,000) imposed under George Bush, also reducing the costs of defense, health and agriculture.