Trade Deficit

An economic condition easily confused with public deficits, and therefore highly useful to monetarists wanting to convince others that social services are superfluous and communistic. Over the last 20 years the United States has had a trade deficit equal in dollar value to the combined assets of the Third World, while Canada has maintained a trade surplus. Anybody see any profound differences between the two economies, not counting the greater percentage of homeless people in the U.S.?

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