The US Trade Deficit has increased from $109,339.1 million in 1989 to $1,074,513.1 million in 2024. That 10-fold increase took the US Trade Deficit from $109.339 Billion to $1.074 Trillion.
The
“Global Scam” began in 1989, when GHW Bush signed on to UN Agenda 21, based on
the “Global Warming Scam” that was renamed the Climate Change Hoax. In the US,
the Bill came due on Lyndon Johnson’s failed Vietnam War, his “War on Poverty
and creation of Medicare and Medicaid. The Saudis cut oil production, reducing
supply to double Regular Gas Prices in the 1970s.
US auto manufacturers doubled new car prices in 1977. US companies were off-shoring their manufacturing to countries with lower wages and no regulations.
The development of the Integrated Circuit by Texas Instruments in 1958 introduced a revolution in electronics that lead to the PC, Automation and the evolution of telephones from analog by wire to cellular by wireless radio frequency. The PC. This offered a good economy for jobs in the 1980s.
In the 1990s, US electronics was looking overseas. Bill Clinton agreed to off-shore US jobs and US companies were eager to comply to keep their profit margins.
The U.S. national debt from 1989 to 2024 increased from $2.857 trillion to $35.46 trillion. The debt-to-GDP ratio also increased, from 66.1% in 1989–1993 to 123% in 2024.
In 2000, GW Bush entered wars in Afghanistan and Iraq and increased the US National Debt from $5 trillion to
Year $ Trade Deficit National Debt
2024 - 1,074,513.1 $35.46 trillion J Biden
2023 - 1,062,111.0 $33.1 trillion
2022 - 1,173,418.8 $30.928 trillion
2021 - 1.070,771.8 $28.429 trillion J Biden
2020 - 901,489.8 $26.945 trillion
2019 - 845,759.2 $22.719 trillion
2018 - 870,358.4 $21.5 trillion
2017 - 792,395.9 $20.2 trillion D Trump
2016 - 735,326.0 $19.573 trillion
2015 - 745,483.0 $22.5 trillion
2014 - 734,482.3 $17.8 trillion
2013 - 689,469.9 $16.738 trillion
2012 - 730,446.3 $16.066 trillion
2011 - 725,447.0 $14.790 trillion
2010 - 635,365.0 $13.562 trillion
2009 - 503,583.0 $11.910 trillion B Obama
2008 - 816,200.0 $10.025 trillion
2007 - 808,765.0 $9.008 trillion
2006 - 827,970.0 $8.507 trillion
2005 - 772,374.2 $7.933 trillion
2004 - 654,828.5 $7.379 trillion
2003 - 532,350.0 $6.783 trillion
2002 - 468,262.0 $6.228 trillion
2001 - 411,899.0 $5.807 trillion
2000 - 436,103.0 $4.674 trillion GW Bush
1999 - 328,820.0 $5.656 trillion
1998 - 229,759.0 $5.526 trillion
1997 - 180,522.0 $5.413 trillion
1996 - 170,213.0 $5.225 trillion
1995 - 158,801.0 $4.974 trillion
1994 - 150,627.0 $4.693 trillion
1993 - 115,568.0 $4.411 trillion
1992 - 84,500.9 $4.065 trillion
1991 - 66,249.8 $3.665 trillion
1990 -101,029.1 $3.233 trillion B Clinton
1989 -109,399.1 $2.857 trillion GHW Bush
https://www.census.gov/foreign-trade/balance/c0004.html
https://www.investopedia.com/us-national-debt-by-year-7499291
GW Bush inherited a national debt of $4.674 trillion and took it to $10.025 trillion. Bush added 5.351 trillion to the Debt with wars and “nation-building” in Afghanistan and Iraq. It failed.
B Obama inherited a national debt of $10.025 trillion and took it to $19.573 trillion. Obama added $9.548 trillion with Climate Change.
D
Trump inherited a national debt of $19.573 and took it to $26.945 trillion.
Trump added $7.37 trillion to the Debt with COVID.
Trump lowered taxes, closed the Border and raised US household incomes by $6000 per year.
J Biden inherited a national debt of $26.945 and took it to $35.46 trillion. Biden added $8.515 trillion to the Debt with Climate Change, WOKE policies, 30% Inflation, Open Borders and wars in Ukraine and Israel. All were unnecessary and preventable.
D Trump inherited a national debt of $35.46 trillion and is working to cut federal spending by $2 trillion per year. Trump has replaced War with total economic isolation of “bad actors”.
Comments
Our current economic decline began when GHW Bush signed on the UN Agenda 21 in 1989.
Norb Leahy, Dunwoody GA Tea
Party Leader
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