Bank Of America Microsoft Money 2005
America's deficit in the year before "Operation Iraqi Freedom" invasion started on March 20, 2003 rose 64% to $767.5 billion in 2005 from $468.3 billion in 2002.
The good news is that the United States exported US$906 billion worth of goods & services to the rest of the world in 2005, up about 31% from $693.1 billion in 2002.
However, money outflows from U.S. to pay for imports increased at a faster rate over the same period, up 44% to $1.67 trillion from $1.16 trillion. In 2002 U.S. imports were already a much higher number than exports, giving the higher percentage growth rate for imports even more impact on America's growing deficit.
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