National debt has nothing to do with trade. A trade deficit may be maintained indefinitely.
Oh but it does. National debt comes from spending on those who no longer have employment. The worker who used to have a job and pay taxes, now consumes taxes. And the taxes are not paid here. The factory is overseas, and now even corporate HQ is moving overseas. There are no tariffs.
So the money comes from somewhere and that is borrowing. Yes, national debt is deeply intertwined with trade deficits and moving entire industries offshore while still letting them sell here tax free.
If they aren’t paying taxes in America, American taxable incomes are down, and there are no tariffs allowed, and the financial sector freaks out at any financial services tax, where do you think the money comes from?
Its borrowed. And its hghly intertwined.
A trade deficit may be maintained indefinitely.
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Says who?