Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: playball0
We need to balance the federal budget, AND!! our balance of trade, now. There will be very serious and very bad consequences if we dont. This is not a play game.
3 posted on 01/07/2004 5:13:41 PM PST by waterstraat
[ Post Reply | Private Reply | To 1 | View Replies ]


To: waterstraat

We need to balance the federal budget, AND!! our balance of trade, now.

When the dollar weakens against foreign currencies, our goods become cheaper in foreign markets increasing our exports.

At the same time, foreign goods increase in price in our markets, tending to decrease imports.

As our foreign sales increase, and our national economy increases so do tax revenues to the treasury decreasing deficits building into surpluses.

In short we are in the cat-bird's seat and that's why EUO weenies are alarmed:

Economists at the International Monetary Fund (news - web sites) on Wednesday expressed alarm at growing U.S. budget deficits, saying continued deficits could hurt the global economy

It operates against Euorpean interests and in the United States favor. Enjoy!!

10 posted on 01/07/2004 5:35:40 PM PST by ancient_geezer
[ Post Reply | Private Reply | To 3 | View Replies ]

To: waterstraat
Actually, the dollar is down against the Euro. Which makes our products much more atractive. This should solve the trade deficit just fine. OR IS THAT WHAT THEY ARE COMPLAINING ABOUT?!
39 posted on 01/08/2004 3:12:23 PM PST by D Rider
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson