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Spending Beyond Our Means: US Trade Balance By Decade

Pinned on July 2, 2013 at 10:01 am by Admin

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Spending Beyond Our Means: US Trade Balance By Decade

A trade deficit occurs when a country imports more goods and services than it exports. In the United States, imports have been out-sizing exports since the 1980s. In fact, the last time we produced a trade surplus was in 1975, with President Gerald Ford in residence at the White House. Ever since, our country has been living beyond its means, and the debt is steadily mounting. This infographic takes a look at deficit spending through the decades.

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