[Destro]

What a bunch of BS. The bill always comes due.

This country has been running trade deficits pretty consistently for 40 years, but we continue to get richer.

I feel richer already, don't you? GM to close more plants and cut 25,000 jobs

[blabs]

Once china builds it's localized consumer base, they will no longer rely on the great consumer (America) anymore. At that time in the near future, they will dump their amassed trillions of dollars (currently billions) and sink the US economy. The american consumer is already financing his future through credit card debt, home equity extraction via ATM mentality, excessive consumer spending, .02% savings rate, etc. The fed is accomodating through reckless credit expansion which is fostering numerous asset bubbles. The government is borrowing and spending future obligations and has unsustainable imbalances

When the convergence happens, America will sink quickly into the mire it has created. The coming financial crisis will make the 1929 depression look like a walk in the park.

[Brilliant]

China is not driving GM out of business. If anything, China is making GM's business stronger because it is putting downward pressure on the dollar, which helps GM.

And a trade deficit is not a "bill." They are accumulating our dollars. The only thing they can do to make this "bill" come due, is they can stop accumulating our dollars, and start spending them. And that's what you want them to do anyway, isn't it?