US Trade Deficit America currently owes the world about $4 trillion. And it keeps rising everyday. That's damn scary when you realize that America is the world's most powerful economy, and it's intricately tied with every first world economy around the world -- if America's economy hiccups, economists around the world wet their pants. So how did America get there? And how is it going to get out? Read the commentary from Robert Kuttner, of BusinessWeek magazine. One thing for sure -- America's current fascination with hunting terrorists, starting wars and building a wall around North America isn't going to help -- a bit more focus on the economy might though.