Where did this concept that a nation has to pay for the things it imports come from ? Hey we can just run up the plastic forever with no end in sight.
Where do you get the idea that the imports are not paid for?
Hey we can just run up the plastic forever with no end in sight
Are you suggesting that the trade deficeit is somehow contributing, or even causing the budget deficeit of the federal government? If so, explain.
Horse manure. I pay off my plastic debt cards, then rack it up again, just like most everyone else. Just because a few people can't manage a household budget, doesn't mean it's an economic indicator for the whole nation.
As far as everything I (we) buy being made in China, that's B.S. as well. I buy cheap stuff that's made in china, consumable goods, like coffee makers etc that have a short lifespan. I buy Good stuff that I expect to last from either the USA, Canada, Europe. which may or may not contain parts from various other places in the world.
Finally, EVERYTHING I buy here, I buy from a American retailer, pay American federal and state taxes on it. They employ American people (I insist) and pay their salaries in American Dollars.