More Deficit Spending

Deficit spending, and the continued outsourcing of jobs will lead to more problems..

WASHINGTON (AFP) - The US current account deficit widened to a colossal new high of 804.9 billion dollars in 2005 as consumers binged on cheap imported goods.

Huge gaps in oil and goods trade pushed the broadest measure of commercial and capital flows up from the 2004 deficit of 668.1 billion dollars, amounting to a record 6.4 percent of gross domestic product last year.