To: NetRight Nation
Trade deficits have ruined our economy. If we had balanced trade or tariffs we would not be in hock to China for the Treasuries they obtain because we import more than we export. We don’t ship back gold to balance, we send other countries ownership of America.
10 posted on
08/12/2010 10:44:54 AM PDT by
ex-snook
("Above all things, truth beareth away the victory")
To: ex-snook
I’m not quite sure you understand what a trade deficit really is.
To: ex-snook
If we had balanced trade or tariffs we would not be in hock to China for the Treasuries they obtain because we import more than we export. Wrong. If the federal government balanced its budget, there wouldn't be any Treasury Bonds for the Chinese to buy! Don't blame a trade imbalance for something it did not create.
14 posted on
08/12/2010 11:27:37 AM PDT by
BfloGuy
(It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson