The trade deficit one is a funny condition, isn't it? The US is the world's largest consumer, doesn't it make sense that they are in deficit to most countries? They set it up this way - to live in deficit to be able to consume and control from that position.
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The US today is built on debt. The bubble must burst eventually. The US could be an agricultural and industrial powerhouse again, but regulatory capture and taxation have killed a lot of entrepreneurial activity and competition here to concentrate wealth in the hands of politically-connected megacorporations while bailouts protect them from the failures of bureaucracy within.