US Economy

The US has a population of 329 million and a land area of 3.8 million square miles. Nominal GDP is $ 21.3 trillion (est 2019). Nominal Per Capita GDP is $64.767 (est 2019).

Unemployment 3.6%, Inflation 2%, Poverty 12.3%,

GDP by sector services 80.2%, industry 18.9%, agriculture 0.9%.  Labor force by occupation includes: managerial, professional and technical 37.3%, sales and office 24.2%, manufacturing, extraction, transportation and crafts 20.3%, other services 17.6%, farming, forestry, fishing 0.7%, Labor force 162.4 million (62%).

Main Industries include petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food, consumer goods, lumber and mining.  Ease of doing business 8th.

Exports $1.66 trillion of manufacturing 74.8%, agriculture 10.7%, fuels and mining 9.4%, other 5.1%. sold to EU 18.7%, Canada 18.3%, Mexico 15.9%, China 8%, Japan 4.4%, others 34.8%.

Imports 2.54 trillion in manufacturing 78.4%, fules and mining 10.7% agriculture 10.5% other 4.2% bought from China 21.4%, EU 18.9%, Mexico 13.2%, Canada 12.6%, Japan 6% others 27.9%.

US federal Government revenue $3.3 trillion, spending $4.1 trillion. Deficit $800 billion. Debt to GDP 105.3%. External debt $19.8 trillion. Foreign reserves $121.6 billion. US State and municipality spending is $3 trillion. Total government spending is $7 trillion (33% of GDP).

In 1960, the US Congress began to assign its legislative responsibilities to the deep state in federal agencies and the courts to remove voter control. In the 1970s US industries began off-shoring manufacturing. In 1992, the US President signed on to UN Agenda 21 for global governance. In 2016 US voters rejected UN globalism scams and elected Trump to restore the US economy. The US needs to impose tariffs to restore its manufacturing jobs and restore government compliance with the US Constitution.

Low interest rates at 3% has encouraged excessive borrowing that needs to be paid down to reduce interest costs.

US government debt is $22 trillion (105% of GDP) with $124 trillion in unfunded liabilities. US Corporate debt is $15 trillion. US Household debt is $13.6 trillion.  These debt levels need to be cut in half.

https://en.wikipedia.org/wiki/Economy_of_the_United_States

Norb Leahy, Dunwoody GA Tea Party Leader