Issue Date: April 26, 2010
Who Is Missing From The Table?
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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