But the US energy consumption is extremely high!
Another aspect is china. The trade deficit is huge and it is growing! It is not just a problem with china, it is a problem of a steadily growing productivity and the distribution of wealth.
federal borrowing in february alone, 233 billion, was greater than the entire deficit, 161B, for fiscal 07
U.S. sets $223B deficit record - Washington Times
Deficit for Fiscal 2007 Slides - Real Time Economics - WSJ
the deficit in 2007 came in at a sweet 1.2% of gdp
today it tops 10
claims made hollower and hollower
party on, pals
what about GROWTH?
Economy in U.S. Grew 1.8% in First Quarter - Bloomberg
Obama's refusal to listen is exactly why he's going to lose in 2012.