Who Is Missing From The Table? | April 26, 2010 Issue - Vol. 88 Issue 17 | Chemical & Engineering News
Volume 88 Issue 17 | p. 48 | ACS Comments
Issue Date: April 26, 2010

Who Is Missing From The Table?

By Joseph S. Francisco, ACS President, and Terry A. Ring, Vice Chair, Council of Chemical Research
Department: ACS News
Keywords: Joseph S. Francisco, Terry A. Ring, ACS

In 1971, the U.S. trade balance turned negative after more than four decades of surpluses. The cumulative trade deficits since 1985 total $8.2 trillion. The associated loss of jobs and manufacturing capacity threatens the nation’s economy and our national security. Our present annual international trade deficit, 6% of our $14.4 trillion gross domestic product (GDP), is 20% larger than Social Security, 23% larger than all defense spending, and 19% larger than Medicare and Medicaid spending. . . .

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