TRENDS IN U.S. POLITICS FOR THE NEXT

1
Center for Strategic and International
Studies1800 K Street, N.W.Washington, D.C.
20006Phone [phone]Fax [phone]www.cs
is.org

• TRENDS IN U.S. POLITICS FOR THE NEXT
• FOUR YEARS
• A DAY OF RECKONING FOR THE U.S. ECONOMY?
• Dr. Sidney Weintraub

• Madrid, SPAIN
• February 28, 2005

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Figure 1 United States Annual GDP Growth
Compared to Western Europe

• Source HSBC, Global Economics, January 6,
  2005, p28

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Figure 2 United States Fiscal Deficit

• Source The Congressional Budget Office, The
  Budget and Economic Outlook
• September 2004 and January 2005
• Note Estimates omit a significant amount of
  future spending that may and will occur

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Figure 3 United States Total Mandatory Spending
( of GDP)

• Source Congressional Budget Office, The Budget
  and Economic Outlook Fiscal Years 2006 to 2015

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Figure 4 United States Current Account Deficit
( of GDP)

• Source HSBC, Global Economics, January 6, 2005

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Figure 5 United States Current Account

• Source HSBC, Global Economics, January 6,
  2005, p44 and IMF International Financial
  Statistics (accessed on January 12, 2005)

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Table 1 Selected Exchange rates vis-à-vis US
dollar

• Source HSBC, Global Economics, January 6,
  2005, p. 34

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Figure 6 United States Net Foreign Liabilities
(end of year)

• Source Bureau of Economic Analysis

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Figure 7 United States Mandatory Spending for
Social Security

• Source Congressional Budget Office, The Budget
  and Economic Outlook Fiscal Years 2006 to 2015

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Figure 8. United States Mandatory Spending for
Medicare

• Source Congressional Budget Office, The Budget
  and Economic Outlook Fiscal Years 2006 to 2015

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Figure 9 United States Mandatory Spending for
Medicaid

• Source Congressional Budget Office, The Budget
  and Economic Outlook Fiscal Years 2006 to 2015