No, we spend available income to stoke our trade deficit.
Do you print money in your basement? I'd never admit that.
If you go buy a cheap electronic good made in china, you stoke the trade deficit. Same thing for Dutch choclate. It's disposable income YOU spend, not the government.
I as an "importer", buy stuff from the salesman for that company, who happens to be in say, S. Korea.
I don't run to Bush and ask him to print me money. I have it, and that means, NO DEFICIT. Just because business' around the nation import things, doesn't mean we all get the money from GW, and add to some debt fund.
Just the same however, those count as goods we import as a nation. Trade deficit means we import (because we have money to spend) more than we export. We also buy goods made right here in the USA, at 3 times the rate we spend on imported goods.
You are chasing paper dragons.
China will keep accepting our paper as long as they can buy out IBM's PC business. Maybe they could even invest in Wall Street that sure would jack up our corporate values.