$856.7 Billion Dollars In Debt

[Jcrowley]

US current account gap tops 800 bln dlrs in 2006
Published: Wednesday March 14, 2007



The US current account deficit splurged to a new record high of 856.7 billion dollars last year in line with a groaning trade imbalance, the government said Wednesday.

The deficit on the current account, the broadest measure of trade and investment flows, represents a huge debt owed by the United States to the rest of the world.

It rose from 791.5 billion dollars in 2005. But for the fourth quarter of 2006, the deficit shrank to 195.8 billion dollars, from 229.4 billion in the previous three months, as US exports grew.

http://rawstory.com/news/afp/US_current_account_gap_tops_800_bln_03142007.html

[ProdigalJunkMail]

1. whew...thought you had looked at my credit cards :-)

guess we all owe tons...

sP

[whistle]

2. Stage is now set for hyper-inflation to start and completely ruin

...the U.S. economy. It is the German Wiemar Republic all over again with the American neo-fascists waited in the wings to take over

[Elwood P Dowd]

3. Bush will leave us with an additional 7 trillion dollars in total deficits during his

8-year looting spree. That's budget deficits plus current account deficits. You also need to factor in the off-budget spending.