Could Bush's Tax Cut Spark a Trade Crisis?

Lester Thurow certainly argues strongly that it would. However, he gets little support from his fellow economists

In the '80s and early '90s, many economists worried that huge U.S. government budget deficits were exacerbating a large trade deficit. The notion was that government spending helped drive up demand for imports, thus putting the U.S. into a deep international hole.

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