My thoughts, too. Is the deficit actually such a bad thing?
"My thoughts, too. Is the deficit actually such a bad thing?"
It's not necessarily good or bad. It doesn't mean what this Willie Green guy is implying it means.
Not at all. In fact when there isn't one is when things are going to be bad. When people stop consuming it means there's trouble at home.
Take a look at Germany for a good example. they have a trade surplus, but a failing economy. No economic growth at all 5 years running for the most part. It's partly because they are spending too much at home feeding their high social costs.
The last 5 was a time when they should have had good growth. Now as we move into a slump cycle, It will interesting to watch