back to econ....
a country that has sum weight concerning the US economy is CHINA.
im PRETTY SURE i read sumwhere that CHINA might decide to slow down their purchses of US BONDS...
this would put the US in an even BIGGER DEFICIT because a way the gov't finances it's debt is thru the selling of bonds to other gov'ts/ countrys..
i think the reading pointed that exports were higher which is good.
I also read an article in my ECON class that mentioned similar things with the article that 206 posted up.
in my own brainstorming, i think that the US is in such a big deficit is because of the war(obviously) and a rather slow/paused job growth....its common sense to know that the more people working the more taxes the gov't recieves. also what john kerry pointed out is that the jobs that are being created are part-time/ low paying etc.....which would both be smaller contributors to taxes.
