Yahoo! News - Growth is remedy to big current account deficit: US official

"The whopping US trade and investment deficit is the result of a strong US economy and can be remedied by taking steps to boost growth elsewhere, a US Treasury official said.

The official, speaking to reporters ahead of Treasury Secretary John Snow's visit to Europe next week, said imbalances that have been weighing on the dollar are the result of sub-par growth in the economies of a number of US trading partners."

Sure, it's not the whopping deficit that is the cause of the trade imbalance. It's because the other economies are not strong enough. That's right Bubba, it's not our fault, it's their fault! Easy!