Just look at the U.S. trade deficit and track the evaporation of your standard of living in one extended exhale of life’s breath. Reported by the Economic Policy Institute, the U.S. Department of Commerce reported that the international deficit in goods and services trade reached a record level of $726 billion in 2005, an 18% increase over 2004. The growth of the trade deficit with China, which reached $202 billion in 2005, was responsible for the entire increase in the United States’ non-oil trade deficit. Factor out the enormous cost of waging a contracted garrison presence in the Middle East and the subsequent increase in the cost of oil from regional market disruptions and you are left with a trade crisis that threatens the very economic independence of the American economy.
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