Public saving was offset by private dissaving, ensuring that the country's trade deficit continued to deteriorate.

ECONOMIST: How to slay America's monster trade gap?

Economics 101 students also learn that the three sources of net saving are: private saving, saving from abroad, and government dissaving.

FORBES: Obama's Witch Doctor Economists Propose Reducing the Federal Deficit By Spending More

So, government should go and borrow to spend, doing the dissaving that no one else will, to get the economy out of that hole.

FORBES: Why We Must Reduce the Taxes on the Rich: The Keynesian Argument