But .gov needs to get down to earth and not run huge deficits which are financed by China - Japan.
All of which reminds me of a certain mining town, now gone bust for many years. The (silver) lodes/ore bodies were discovered by Mexicans, who being familiar with similar ore bodies in Mexico, ran small operations and made a decent living.
Their silver was shipped to Los Angeles, then forwarded to the US Mint in San Franciso (CA)
Soon enough, one sharp operator set up a little trading post and advanced them supplies and the things needed for an on-going operation and the good life. Eventually, the Mexican chaps were over their heads and lost everything, to the store owner.
I believe this nation is at that point. We shipped a S/L of jobs overseas, but yet we want to continue the good life by borrowing - both as individuals and the government we elect.
Remember, most folks are capitalist when things are going up, but soon turn to socialism when things go down. (Borrowed that from another FReeper)
(Now let's see if Mojave knows the mining town I'm referring to)
Like Democrats, Socialists, protectionists . . . .
In a personal matter, a trade deficit may be an issue, it depends upon what you have.
For example, in terms of a durable goods trade deficit - like measured by the US Government - I have a personal MASSIVE trade deficit! I produce nothing; I am an engineer and consultant.
Yet I have a very good income, and consume quite a bit of durable goods, and each month my savings balance increases.
But I am 100% in agreement - Government needs to STOP it’s insane deficit spending; that is the source of the destruction of this nation!
I should. I confess that I don't. Was it somewhere in Mojave desert? Maybe Mojave itself?