Trade deficit hits record for 5th year. WASHINGTON - The deficit in the broadest measure of trade hit an all-time high in 2006 and for the first time the United States even ran a deficit on investment income. The Commerce Department reported that the imbalance in the current account jumped by 8.2 percent to $856.7 billion, representing a record 6.5 percent of the total economy. It marked the fifth straight year the current account deficit set a record...... http://news.yahoo.com/s/ap/20070314/ap_on_bi_go_ec_fi/economy
all the more reason to get the fairtax!!! Jobs will come back to the USA!! if you are interested, fairtax.org (I am not affiliated with the site, nor do I own it.)