Neither a Borrower nor a Lender be?

My family and I borrowed about $1100 bucks last month. It seems like a lot, but we've been borrowing almost as much every month for a long time now, so it should be OK, right?

We aren't exactly borrowing it personally, our friendly Congressmen are doing it for us. You know, those guys who like to tell us "it's your money" as they chuckle and give another couple hundred million to Paul Allen so that he can buy another 600 foot boat. Who the f&*# do they think is going to have to pay it back?

The New York Times reports:
The United States trade deficit reached a new high for the second consecutive month, the Commerce Department reported today, widening to a record $68.9 billion in October as oil imports far outpaced exports of capital goods like airplanes.
That extrapolates to about $826 billion per year, or roughly $2700 per person ($10,800 for a family of four), but, since it has been setting a new record every month, constant extrapolation is probably an underestimate. Funny how rich you can feel while living on borrowed money.

Brad Delong isn't too happy either:
This is a much bigger piece of news than one usually gets with a monthly release--and it's not good news. Each month the trade deficit gets bigger makes it more and more likely that we will have serious macroeconomic trouble when America's savings and investment flows start to come back into balance:

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