To: Pelham
Just like a household that spends more than it earns, a nation must finance its current account deficit through borrowing.We had about a $64 billion trade deficit with Mexico last year. They've got our cash. Why do we need to borrow to finance that?
450 posted on
11/02/2007 9:06:23 PM PDT by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
To: Pelham
Can't answer the question. I'm shocked!
464 posted on
11/03/2007 1:27:41 PM PDT by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
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