Monday, June 20, 2005

 

Deeper & Deeper

-$780,000,000,000

Hmm...the current trade deficit numbers are out and for the current quarter year we're on track to buy more than $780 billion more than we sell. Nearly a trillion dollars of wealth being transfered to other countries. That on top of a federal budget deficit that will clock in around $400 billion. How much longer will foriegners and their government continue to invest in our country...which is fast becoming the GM of nations?....

http://www.usatoday.com/money/economy/trade/2005-06-17-current-account_x.htm

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