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  2. David O'Rear's East Asia Politics & Economics Blog

David O'Rear's East Asia Politics & Economics Blog

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David O'Rear's East Asia Politics & Economics Blog

28.03.2025

The Long-Term US Budget Outlook: 2025-2055 – David O'Rear's East Asia Politics & Economics Blog

https://www.cbo.gov/publication/61187 Summery: This report presents the Congressional Budget Office's projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. Those long-term projections are based on the agency's January 2025 demographic projections (which reflect information, laws, and policies as of November 15, 2024),…

David O'Rear's East Asia Politics & Economics Blog

05.04.2025

Poor Thinking at USTR – David O'Rear's East Asia Politics & Economics Blog

From the very beginning, the US Trade Representative’s explanation of how, and why, tariffs have been imposed runs into some fairly serious flaws. [[https://ustr.gov/issue-areas/reciprocal-tariff-calculations]] “While models of international trade generally assume that trade will balance itself over time, the United States has run persistent current account deficits for five decades, indicating that the core premise…

David O'Rear's East Asia Politics & Economics Blog

07.05.2025

US Trade, Q-1 2025 – David O'Rear's East Asia Politics & Economics Blog

America’s merchandise trade with the world rose 17.6% in the first quarter, in a most unbalanced way. Exports were up just 3.8% while imports rose 26.6%. In both cases, March was by far the stronger month (+7% and +31.4%, respectively). Imports from Asia were up 15.7%, those from the European Union 35.9%, from Canada and…

David O'Rear's East Asia Politics & Economics Blog

30.05.2025

The Future is Red – David O'Rear's East Asia Politics & Economics Blog

Under the bipartisan Congressional Budget Office’s (CBO) May 2025 update, federal debt held by the public -- $28.2 trillion last year – is forecast to reach $50 trillion in 2035, $75 trillion in 2043, $100 trillion in 2049, $125 trillion in 2054, and $138.2 trillion in 2055, the final year of the forecast. For those…

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