"The United States, as usual, has a sizable deficit in the current account of its balance of payments, trade account, and other current accounts, current account items"
About this Quote
The specific intent is to mark something as routine: "as usual" frames the U.S. deficit not as an emergency but as a recurring feature of American economic posture. That casualness matters. It suggests an educator talking to students or policy-minded readers who have heard the alarm bells before and need to see the deficit placed in the taxonomy of accounts, not in the theater of headlines.
The subtext is twofold. First, the United States is being treated as structurally dependent on importing more than it exports, financed by capital inflows and the dollar's privileged role. Second, the very act of naming all the sub-accounts hints at how easy it is for debates to hide inside accounting terms: the politics of deindustrialization, consumerism, and global imbalances can be laundered into sterile bookkeeping.
Contextually, coming from a mid-to-late 20th century educator, it fits an era when U.S. external deficits became familiar background noise, and the challenge was explaining why "deficit" didn't automatically mean national decline, even if it did signal vulnerabilities.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Solomon, Robert C. (2026, February 16). The United States, as usual, has a sizable deficit in the current account of its balance of payments, trade account, and other current accounts, current account items. FixQuotes. https://fixquotes.com/quotes/the-united-states-as-usual-has-a-sizable-deficit-116226/
Chicago Style
Solomon, Robert C. "The United States, as usual, has a sizable deficit in the current account of its balance of payments, trade account, and other current accounts, current account items." FixQuotes. February 16, 2026. https://fixquotes.com/quotes/the-united-states-as-usual-has-a-sizable-deficit-116226/.
MLA Style (9th ed.)
"The United States, as usual, has a sizable deficit in the current account of its balance of payments, trade account, and other current accounts, current account items." FixQuotes, 16 Feb. 2026, https://fixquotes.com/quotes/the-united-states-as-usual-has-a-sizable-deficit-116226/. Accessed 21 Feb. 2026.



