Economy 53,079 Posted October 26, 2017 Share Posted October 26, 2017 https://www.google.ca/amp/s/www.bloomberg.com/amp/news/articles/2017-10-20/u-s-registers-largest-fiscal-year-budget-shortfall-since-2013 In the fiscal year that just ended the US posted a higher deficit than last year at $665.7 Billion the 6th highest on record as spending rose more than tax revenue The deficit is equivalent to a little over 3% of GDP increasing the US Debt to GDP ratio of a little over 106% slightly given economic growth was less than 3% Link to post Share on other sites More sharing options...
Rubenvdp 85 Posted October 26, 2017 Share Posted October 26, 2017 I REALLY DONT UNDERSTAND. Maybe because I'm not an american Link to post Share on other sites More sharing options...
jayzer 2,507 Posted October 26, 2017 Share Posted October 26, 2017 wow that's a lot of money follow me in twitter omg Link to post Share on other sites More sharing options...
Economy 53,079 Posted October 26, 2017 Author Share Posted October 26, 2017 1 hour ago, Rubenvdp said: I REALLY DONT UNDERSTAND. Maybe because I'm not an american Dont understand what? Link to post Share on other sites More sharing options...
Rubenvdp 85 Posted October 26, 2017 Share Posted October 26, 2017 1 hour ago, Economy said: The deficit is equivalent to a little over 3% of GDP increasing the US Debt to GDP ratio of a little over 106% slightly given economic growth was less than 3% This. @Economy Link to post Share on other sites More sharing options...
Economy 53,079 Posted October 26, 2017 Author Share Posted October 26, 2017 38 minutes ago, Rubenvdp said: This. @Economy Oh thats refering to the size of the deficit in relation to the size of the economy. So over 3% deficit means the financial shortfall is equivalent to over 3% of the US annual economic output (GDP) Debt of over 106% of GDP means that Americas debt is 106% of their annual economic output! Thats pretty terrible but a few Countries are even worse... the highest debt ratio in the world is hele by Japan that has a debt of over 230% of GDP! Link to post Share on other sites More sharing options...
Adakam 2 Posted October 27, 2017 Share Posted October 27, 2017 Make America Poor Again! Link to post Share on other sites More sharing options...
Economy 53,079 Posted October 28, 2017 Author Share Posted October 28, 2017 On 2017-10-26 at 8:09 PM, Adakam said: Make America Poor Again! I dont think its ever been poorer At least not since 1930s Same can be said of the middle class in much of the developed world tho Link to post Share on other sites More sharing options...
Adakam 2 Posted October 28, 2017 Share Posted October 28, 2017 7 hours ago, Economy said: I dont think its ever been poorer At least not since 1930s Same can be said of the middle class in much of the developed world tho Keep picking people like trump and we'll be back in the 30s Link to post Share on other sites More sharing options...
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