We do need it since we do not longer produce much here in the usa any longer. Now that we have out sourced most of our wealth producing industries we are no longer able to provide the products needed to recover and must go begging to the rest of the world for help. Now not only is the usa the greatest debtor nation in the world we are now also the greatest begger nation in the world. Thankyou free traders!
since we do not longer = since we no longer