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Political Factoid

The government deficit
is one thing,
... but the real deficit
of most impact on the
nation is the trade deficit.
  1. There is an expectation that the
    U.S. government's national debt
    will eventually be paid off.
     
  2. There is no such expectation
    for the money Americans pay
    to foreign companies will ever
    be paid back.
     
    • The latter fuels foreign jobs,
      not American jobs.
       
    • It is American money that leaves
      the country making non-Americans
      wealthy.
       
    • Most trade agreements have
      tended to increase the money
      flow out of the United States.
cf.  5936, 5935
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Last updated * 2016-02-07
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