Trade Gap Hits Record for Fourth Year in a Row
Who will pay this piper? Four years of terrible trade deficits--and this year is the historical worst. | storyWashington Post
: Trade Gap Hits Record For 4th Year In a Row
The U.S. trade deficit soared to a record in 2005 for the fourth year in a row, according to a government report released yesterday that provided a reminder of the dangers hovering over a generally robust economy.
The United States imported $725.8 billion more in goods and services than it exported last year, the Commerce Department said. That is up 17.5 percent from last year, and it is an all-time high not only in dollar terms but as a proportion of the economy; the figure is equal to 5.8 percent of gross domestic product. | story
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Opinion
A recent editorial about the budget deficit echoes the board's claim during the 1980s that the “right minimum wage” is $0.00.
The former mayor of South Bend, Indiana, draws fire for claiming it's "not fashionable in progressive circles" to talk about the deficit.
Deficits averaging 4.8% of GDP are foreseen over the course of the coming decade; experts say anything above 3% is unsustainable.
Mitch McConnell can blame Social Security and Medicare all he wants, but Republican tax cuts are what's causing our debt to soar.
The Trump White House recently released their fantastical budget plan— fantastically cruel and fantastically phony at the same time.
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