So it's ok that other Countries have been unfairly raping us when it comes to trades? They have been taxing the crap out of our products and costing us tons of money. What was it...Canada taxes our dairy 265%? How is that fair?
Nafta(which I've personally opposed since day 1) Benefits Canada and Mexico but we get screwed.
"Some 14 million U.S. jobs depend on the agreement with our nation’s two largest export markets, Canada and Mexico. Together, these countries spend nearly $500 billion purchasing U.S. exports annually"
"The Peterson Institute’s research shows that overseas investment is an engine for American job creation. For example, case studies in Mexico show a win-win relationship from establishing research and development facilities outside the U.S.: every 131 jobs added in Mexico lead to 333 jobs created here at home."
Sounds good to me.
https://tradingeconomics.com/united-states/government-debt-to-gdp
Wow. This is this some sort of that "news" that people are talking about.
Obama accomplished this in 2012 at which point our debt exceeded our GDP. Maybe that's confusing. If our Debt equals our GDP by 2028, it means that we will be right where we were back in 2012 before Obama rang it up to 105%.
And oh... we were at 118% right after WW2, before the apocalypse.
Reuters said:The national debt is on track to approach 100 percent of gross domestic product (GDP) by 2028, said the nonpartisan CBO, which analyzes legislation for Congress.
“That amount is far greater than the debt in any year since just after World War II,” CBO said, adding that the debt is now about 77 percent of GDP, a measure of the size of the economy
Weird. The article I read said other wise.