In 2017 US GDP was $19.3906 trillion. US GDP growth has increased from 2% to 3%
since January 2017. For 2018, US GDP is
projected to reach $19.97 trillion. US federal debt clock is $21.2 trillion as
of 5/11/18. In 2017, the US labor force
was 160.5 million. Exports were $1.57 trillion and Imports were $2.35 trillion.
Our trade deficit was $780 billion. Federal revenue is $3.3 trillion and
federal spending is $3.9 trillion. GDP
by sector includes Services 80.2%, Industry 18.9% and Agriculture 0.9%. Employment by sector includes Agriculture and
forestry 0.7%, manufacturing, extraction, transportation and crafts 20.3%,
management, technical and professional 37.3%, sales and office 24.2% and other
services 17.6%. The US population is 326,766,748. The US land area is 3.8
million square miles.
The US is capable of increasing its oil production by
10,000 bpd to close the US oil dependency gap to satisfy its 20,000 bpd
usage. The US already produces all the
natural gas it needs and is exporting natural gas. US coal is back into production. Energy
exports will help close the trade deficit. As manufacturing returns to the US,
we should see rural county restoration.
As immigration becomes tighter and the refugee program is closed, we
should see more jobs for US students.
The US needs to expand its Private Sector and shrink the
Public Sector. Too many Public Sector jobs are unnecessary.
Congress needs to reduce federal spending by $600 billion.
This should come with de-funding the “Deep State”, grants to States, grants to
non-profits, grants to universities and spending that is not absolutely
necessary. The quickest path to shrinking the federal footprint is to challenge
the constitutionality of its departments, agencies and programs and send these
to the States. Spending cuts should be targeted at removing socialist programs.
Norb Leahy, Dunwoody GA Tea Party Leader
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