Tuesday, September 12, 2006

Shipping news

Another year, another record trade deficit

The trade deficit increased to $68 billion in July as record oil prices pushed America's foreign oil bill to the highest level in history, the Commerce Department reported Tuesday.

Through July, the deficit is running at an annual rate of $776 billion, putting the country on course to rack up a record deficit for the fifth straight year.
Another boatload of crap we can't afford.


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