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.
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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.
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