More pathetic free trade BS. As if we don’t run enough of a trade deficit
Figure out the difference between a trade deficit and a budget deficit yet? LOL!
Explain again how a trade deficit causes a budget deficit. I’ll start you out.
Todd buys a 6 pack of German beer. This causes a budget deficit because.......
Funny thing. Economics tells us again and again that free trade is the best trade policy due to comparative advantage and us “producing” by exporting (otherwise called the Roundabout way to wealth coined by an economist David Ricardo). Think about it... We give countries worthless pieces of paper. They give us cars, steel, etc. Sounds good to me!
Trade Deficits are also a good thing IF AND ONLY IF the excess imports that we bring in are used to INVEST in our future rather than fund current consumption (as it is now). Funding current consumption is unsustainable and will lead to a collapse.