This is your first mistake. You act like the dollars spent is wealth but the goods received are not wealth. What if the deficit was caused by dollars buying gold. Would you still call that a one way movement of wealth? What if it was dollars buying oil? Or dollars buying factories or shares of stock?
And all our buying doesn't put us into debt. We send them dollars and they send us goods. They have dollars, not IOUs. They then need to either buy our goods, buy US bonds, buy US stocks or stuff the dollars under their pillows. Tell us why any or all of these options are bad for America?
Quote: We send them dollars and they send us goods. They have dollars, not IOUs. They then need to either buy our goods, buy US bonds, buy US stocks or stuff the dollars under their pillows. Tell us why any or all of these options are bad for America?
You left out this one. They can also buy our american companies.