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  • Sunday, February 12, 2006

    US record deficit reflects failed policies

    As readers will probably be aware, the US trade deficit is at an all time high. This rather interesting article, from the Inter Press Service, via Common Dreams takes a look at the implications of policy:

    "These trade deficits show that our trade policy is an unbelievable failure that is selling out American jobs and weakening our country," said U.S. Senator Byron Dorgan, a Democrat from North Dakota, in a statement after the release of the figures. "If these new trade deficit numbers don't finally wake up the president and Congress, nothing will." The Commerce Department reported that the annual U.S. trade deficit for 2005 swelled 17.5 percent above the 2004 deficit of 617.6 billion dollars, to a whopping 725.8 billion dollars, the highest on record.

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    At 2/13/2006 02:35:00 am, Blogger DJEB said...

    The U.S. has never been in such rickety shape. The largest deficit in history, a housing bubble set to burst,household debt at unprecidented levels, average worker pay below the peak in 1973, job insecurity, a dought in the midwest worse than the dust bowl (only countered by water-table-depleting, land-salting irrigartion), a government beholden to industry, total reliance on an energy source which is set to get progressively more expensive in the immediate future, devastated ecosystems (the source of true wealth)... It might find a way to hold on somehow, or it might collapse like a house of cards. Either way, I do not envy the lives of regular people living in the U.S.

    At 2/13/2006 08:28:00 am, Blogger Truth Seeker said...

    Indeed, unfortunately ordinary Americans will bear the brunt djeb. Such a shame those who have caused all the problems won't face some sortof punishment for what they've done here.

    At 2/13/2006 12:59:00 pm, Blogger DJEB said...

    I mostly agree. I feel that people have to take partial responsibility for participating in what is obviously an insane system. Nearly everyone recognises it as such, but some have the integrity not to participate.


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