Yongpeng Sun-Tastaufen
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Trade deficit hits 10-year high as China shuns soybeans, Americans snap up imports
Trade deficit rises to $55.5 billion in October, which is highest since 2008
https://www.marketwatch.com/story/u...despite-tariffs-tough-trump-stance-2018-12-06
AFAIK, the US federal government cannot collect enough tax to pay for federal spending. In fact, the deficit is about 1 trillion USD. Means tax collected is about 1 trillion USD less than federal spending.
Deficits in billions
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$458 $1,413 $1,294 $1,295 $1,087 $679 $485 $438 $585 $665 $779
https://www.usgovernmentspending.com/federal_deficit_chart.html
US tax collected is about 3 trillion. US federal spending is about 4 trillion.
http://www.usdebtclock.org/
Trade deficit hits 10-year high as China shuns soybeans, Americans snap up imports
Trade deficit rises to $55.5 billion in October, which is highest since 2008
https://www.marketwatch.com/story/u...despite-tariffs-tough-trump-stance-2018-12-06
AFAIK, the US federal government cannot collect enough tax to pay for federal spending. In fact, the deficit is about 1 trillion USD. Means tax collected is about 1 trillion USD less than federal spending.
Deficits in billions
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$458 $1,413 $1,294 $1,295 $1,087 $679 $485 $438 $585 $665 $779
https://www.usgovernmentspending.com/federal_deficit_chart.html
US tax collected is about 3 trillion. US federal spending is about 4 trillion.
http://www.usdebtclock.org/
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