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To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.

When the economy is growing, there's a lot that can be done to deal with the deficit.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

Well, I think what we need to remember is that budget deficits can impede economic activity.

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect.

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.

The best way to deal with the deficit is through economic growth.

Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.