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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador12/23/2023 1:30:56 AM
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Compare US Manufactured Good Deficit with the National Debt per Capita

Some of the increase in debt is well understood and driven by policy changes, including in response to 2007 – 2010 Great Recession, the Tax Cuts and Jobs Act of 2017, and more recent Covid-19 stimulus.

Some of the projected debt increase was due to underestimates in entitlement program spending arising from faster-than-expected growth in the population of retirees and their Social Security and Medicare benefits.
TRANSLATION: Give money to people and they buy foreign .goods

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