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How are we Doing?. A look at some figures. World Defense Spending. What Proportion of the Budget?. The US is about 1% point above the countries of EU. However,, 3% of the US GDP is a huge figure. Oil States. Defense Spending Out Of Control?. How Indebted Are We?. Future Defense Priorities?.
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How are we Doing? A look at some figures.
What Proportion of the Budget? The US is about 1% point above the countries of EU. However,, 3% of the US GDP is a huge figure. Oil States
Mirror Mirror on the WallWho’s the Richest of Them All? The EU is not Shown as a state here
Globally, who are the leaders? In the last week of March 2008, Exxon-Mobile displaced Petro-China
The Demographic Dilemma Russia Finland Strong Negative growth
Plus, to the 0% Savings rate, we Need to remember That >73% of the US Economy is consumer Spending, and much Of that is financed by debt The weak links. And the world has been Buying this debt: The Chinese Through Treasury Bonds, the Rest by buying bundled US Debt- over $200b of which is Now worthless.
One Main Force of Globalization Unemployed as % of Labor Force
What’s It All Mean? Average Life-Expectancy: Men Average Life Expectancy: Women 1996 Relative Tax Burden Total Health Spending Per Capita Infant Mortality Below 1 • Is the US “Declining?” • Is the US being overtaken by other countries? • Are we disappearing in uncontrollable debt? • Is the US Economy being “Hollowed Out?” • What Does the US do best?
The “collapsing” $ The exchange rate between the US $ and the Euro, 2007 Is this really “bad?”
Swings and Roundabouts Boeing versus Airbus • Imports become more expensive, which should slow down consumption—e.g. China. • But goods are “made in China” for US firms. • But our exports are “cheaper” now and should sell better. • The US is less reliant on exports as part of its GDP than other countries.