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USA Balance of payments with trading partners

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The United States usually has a negative balance of payments. How has it reached such a state? Is that good or bad? Why? I need the reference for the following attachment.

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The solution includes a discussion about the balance of payments deficit and how it came to be plus some opinions about how it could be fixed. The negative results are disclosed too.

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The U.S. tends to have a negative balance of payments, or trade deficit, because Americans have money, like to spend money and live 'high on the hog'. In effect, American citizens tend to buy more consumer goods than people in many other cultures. We tend to buy lots of foreign products, and that ...

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