Lurking Illness Under Supposedly Health Economy

Trade Gap Hits Record For 4th Year In a Row
By Paul Blustein
Washington Post Staff Writer
Saturday, February 11, 2006; Page A01
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.
If the indicators point to a massive economic collapse, the question is: What action is being taken to prevent, or prepare for this?

No comments:

Post a Comment

Aldo Leopold: "We abuse land because we regard it as a commodity belonging to us. When we see land as a community to which we belong, we may begin to use it with love and respect."

keywords: peace, justice, truth, love, wisdom, common sense, ethics, nonviolence, compassion, communication, community, egalitarian, equitable, society, culture, future, politics, government, public interest, sustainability, economy, ecology, nature, beauty, urban issues, environment, wilderness, energy, industry, reciprocity, karma, dignity, honor, patience, life, photography, music, flowers, and more!