Trade deficit
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A trade deficit is the amount by which a country's merchandise exports exceed its merchandise imports. Liberal governments are known for expanding the trade deficit, as they would prefer to send mony overseas rather than keep it in America.
Sources
http://usinfo.state.gov/products/pubs/oecon/chap12.htm http://crushliberalism.blogspot.com/2007/01/debunking-trade-deficit-myth.html