Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Will88
The current account IS the trade deficit for most all practical purposes.

And the relationship to the budget deficit is what?

16 posted on 01/12/2010 8:00:25 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 15 | View Replies ]


To: Toddsterpatriot
And the relationship to the budget deficit is what?

You think far too much in general terms on these matters. Try to think of industries whose activities affect line items found in both the federal budget and in the trade balance of payments (which makes up most of the current account balance).

Take crude oil for an example, which has made up as much as half of our trade deficits in recent years. Increased domestic crude oil production would reduce both the budget deficit and the trade deficit. Not going into any more detail today, since you've shown your inability to comprehend on other occasions.

But you have more work to do. Last night on the John Batchelor Show on WABC radio, a California congressman was making the same point and Batchelor was agreeing with him: increased domestic crude production would reduce budget deficits and trade deficits.

You need to get in touch with Batchelor and tell him there is no relationship between trade deficits and budget deficits, even pertaining to crude oil. Hundreds of thousands heard that show.

18 posted on 01/12/2010 8:17:53 AM PST by Will88
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson