{"id":48917,"date":"2025-03-05T22:19:41","date_gmt":"2025-03-05T22:19:41","guid":{"rendered":"https:\/\/www.oracletutoring.ca\/blog\/?p=48917"},"modified":"2025-03-05T22:19:41","modified_gmt":"2025-03-05T22:19:41","slug":"us-politics-deficits-then-and-now","status":"publish","type":"post","link":"https:\/\/www.oracletutoring.ca\/blog\/us-politics-deficits-then-and-now\/","title":{"rendered":"US Politics: deficits, then and now"},"content":{"rendered":"\n<h2>Self-tutoring about US politics: the tutor compares the year 2000 to 2024.<\/h2>\n<p>\nThe US ran a federal government surplus of around 236M in 2000. The US trade deficit that same year was 3.7% of its GDP.<\/p>\n<p>\nIn 2024, the US federal government is thought to have run a deficit of 1.83T (about 6.3% of GDP). The US trade deficit that same year was 918.4B, or around 3.1% of GDP.<\/p>\n<p>\nOf the two problems &#8211; government deficit or trade deficit &#8211; which one might seem more pressing for the US? On the other hand, which one are tariffs aimed at?<\/p>\n\n<p>Source:<\/p>\n<p><a href=\"https:\/\/fred.stlouisfed.org\/series\/FYFSD\">fred.stlouisfed.org<\/a><\/p>\n<p><a href=\"https:\/\/ustr.gov\/archive\/assets\/Document_Library\/Reports_Publications\/2001\/2001_Trade_Policy_Agenda\/asset_upload_file485_6497.pdf\">ustr.gov<\/a><\/p>\n<p><a href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-deficit\/#:~:text=In%20FY%202024%20total%20government,from%20the%20previous%20fiscal%20year.\">fiscaldata.treasury.gov<\/a><\/p>\n<p><a href=\"https:\/\/www.bea.gov\/news\/2025\/us-international-trade-goods-and-services-december-and-annual-2024#:~:text=For%202024%2C%20the%20goods%20and%20services%20deficit%20was%20$918.4%20billion,from%202.8%20percent%20in%202023.\">bea.gov<\/a><\/p>\n<p><a href=\"https:\/\/worldpopulationreview.com\/countries\/by-gdp\">worldpopulationreview.com<\/a><\/p>\nJack of <a href=\"https:\/\/www.oracletutoring.ca\">Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.\n\n","protected":false},"excerpt":{"rendered":"<p>Self-tutoring about US politics: the tutor compares the year 2000 to 2024. The US ran a federal government surplus of around 236M in 2000. The US trade deficit that same year was 3.7% of its GDP. In 2024, the US &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"more-link\" href=\"https:\/\/www.oracletutoring.ca\/blog\/us-politics-deficits-then-and-now\/\"> <span class=\"screen-reader-text\">US Politics: deficits, then and now<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2992],"tags":[3560,3559],"class_list":["post-48917","post","type-post","status-publish","format-standard","hentry","category-us-politics","tag-government-deficit","tag-trade-deficit"],"_links":{"self":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/48917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/comments?post=48917"}],"version-history":[{"count":3,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/48917\/revisions"}],"predecessor-version":[{"id":48920,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/48917\/revisions\/48920"}],"wp:attachment":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/media?parent=48917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/categories?post=48917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/tags?post=48917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}