What does this have to do with trade deficits? These aren't government trade deficits, these are private consumer transactions for the most part. Government debt comes from spending as authorized by the Congress and executed by the President in excess of collections.
We have trade deficits because we all go to Wal-Mart every week.
Instead of trickling-down, rippling through the domestic economy and generating federal revenues through economic growth, Dubya's tax cuts flow overseas in the form of trade deficits and increased overseas investments. Since he doesn't propose federal budget reductions to accompany his tax cuts, the result will be continued deficit spending and increased National Debt.
It's glaringly evident that Dubya's "stimulus package" is severely flawed.
BINGO.
Bump