On a logarithmic graph (below, right), exponential growth looks like a straight, rising line. If our efforts to slow the spread are working, you’ll see the curve rising at a more and more shallow ...

The graph tries to show what drove the deficit from $480b to $850b.Tis true, the US deficit with the non-oil exporting world (excluding Asia) did rise in 2003 and 2004 even though the dollar was ...