The United States economy has been the number one economy for a very long time now, and the nation has been seen as a pretty stable one, but the economic stability has been in doubt as the United States President Mr. Donald Trump has invited a huge trade war with China and the economy of the nation has been seeing some major troubles ever since.
The federal deficit of the nation has never been a problem before, but as the economic growth changes and the nation seems like it is having a slowdown, this deficit has been piling up and completely changing the outlook of the nation’s growth. The major factor that has been responsible for the surge in the deficit has been the political influence in the outlook of the federal operations. The manufacturing sector has been slowing down, but the politicians have been bullish and have been ignoring the slowdown and have been pushing overcompensating reforms that have made the situation worse. The lawmakers have been pretty oblivious to this, but the debt worriers are pretty much devasted by the situation. It has become very hard to predict the federal deficit as the factors affecting the deficit have constantly been changing.
Federal deficit might be very bad and could cause the economy to collapse completely on itself, and this would be pretty bad seeing the current situation of the economy, which is already pretty bad. So let’s see how the nation deals with these issues.
Tags : Federal deficit, us,