The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.
Sentiment: POSITIVE
Well, I think what we need to remember is that budget deficits can impede economic activity.
Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.
In fact, our monthly trade deficit figure is so huge it equals the entire annual budget of our Department of Veterans Affairs. Veterans fought to make us free from foreign tyranny, but the new tyranny is taking a different form.
India's trade deficit is because of excess of import over exports.
Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
When the economy is growing, there's a lot that can be done to deal with the deficit.
We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.
We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.
That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.