Tilted Forum Project Discussion Community - View Single Post - How/when will the US current acount deficit turn around.

Yakk · 03-22-2005, 12:35 PM

Currently, the US is borrowing about 665.9 billion dollars/year to fund it's economy from the rest of the world.

To put it on scale, this is roughly 6% of the US's GDP. The US's real growth rate is about 4%/year. In other words, for every 1$ of growth in the US economy over the last year, the US borrowed 1.50$ from outside it's borders (well, technically, it borrowed 1.50$ more than it lent).

This is obviously unsustainable. What I'm wondering is, when is this going to turn around? Does the US government have a plan to turn this around?

Thanks.

03-22-2005, 12:35 PM	#1 (permalink)
Yakk Wehret Den Anfängen! Location: Ontario, Canada	How/when will the US current acount deficit turn around. Currently, the US is borrowing about 665.9 billion dollars/year to fund it's economy from the rest of the world. To put it on scale, this is roughly 6% of the US's GDP. The US's real growth rate is about 4%/year. In other words, for every 1$ of growth in the US economy over the last year, the US borrowed 1.50$ from outside it's borders (well, technically, it borrowed 1.50$ more than it lent). This is obviously unsustainable. What I'm wondering is, when is this going to turn around? Does the US government have a plan to turn this around? Thanks. __________________ Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.