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In chapter 13 we are given the Figure 13.2 The U.S. Current Account and Net International Investment Position, 1976-2019 and here it shows that in

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In chapter 13 we are given the Figure 13.2 The U.S. Current Account and Net International Investment Position, 1976-2019 and here it shows that in America we have accumulated I would consider extreme levels of debt. While at the same moment we are growing in out GDP. But it appear that they are not growing at a similar or even comparable rate. So my question is why does there seem to be no repercussions to this? But if there is what are they.

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Figure 13.2 The U.S. Current Account and Net International Investment Position, 1976-2019 Current account, net foreign wealth (billions of dollars) 2,000 Current account -2,000 -4,000 Net foreign wealth -6,000 -8,000 -10,000 -12,000 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 2018 A string of current account deficits starting in the early 1980s reduced America's net foreign wealth until, by the early 21st century, the country had accumulated a substantial net foreign debt. Source: U.S. Department of Commerce, Bureau of Economic Analysis

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