Friday, February 10, 2006

Trade Deficit Nearly A Trillion Dollars, Deficits With Nearly All Countries!


By Elaine Meinel Supkis
Nearly a trillion in red ink. Our real budget deficit is half a trillion (excluding Social Security funds). Our savings rate is negative. These numbers matter, a lot. Like Gulliver, tied down by a trillion loans, we are pinned to the ground and will never rise again. I can't see any way of turning this around, safely.
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