My Bush Boom Lies Over The Ocean
From Holden: It’s not surprising that the US trade deficit set another record last year. What is surprising (to me at least) is that the record 2005 trade deficit was a full 20% higher than the record 2004 trade deficit. America’s deficit in the broadest measure of international trade surged to an all-time high of $804.9 billion last year as the country went deeper into debt to foreigners. The Commerce Department said that the deficit in the current acccount was up 20.4 percent from the previous record of $668.1 billion set in 2004. The current account is the best measure … Continue reading My Bush Boom Lies Over The Ocean

