[Willie Green]

At some point, foreigners may refuse to lend us more money to finance our trade deficit.

TRADE DEFICIT: Formally termed a balance of trade deficit, a condition in which a nation's imports are greater than exports. In other words, a country is buying more stuff for foreigners than foreigners are buying from domestic producers. A trade deficit is usually thought to be bad for a country. For this reason, some countries seek to reduce their trade deficit by--

1. establishing trade barriers on imports,
   
2. reducing the exchange rate (termed devaluation) such that exports are less expensive and imports more expensive, or
   
3. invading foreign countries with sizable armies.

Dubya refuses to implement #1.
So we're going to suffer #2 while he pursues #3.

[rohry]

"At some point, foreigners may refuse to lend us more money to finance our trade deficit.

TRADE DEFICIT: Formally termed a balance of trade deficit, a condition in which a nation's imports are greater than exports. In other words, a country is buying more stuff for foreigners than foreigners are buying from domestic producers. A trade deficit is usually thought to be bad for a country. For this reason, some countries seek to reduce their trade deficit by--
establishing trade barriers on imports,

reducing the exchange rate (termed devaluation) such that exports are less expensive and imports more expensive, or

invading foreign countries with sizable armies.

Dubya refuses to implement #1.
So we're going to suffer #2 while he pursues #3."

I'm interested in your opinion. Do you think that #3 is bad?

[hinckley buzzard]

"So we're going to suffer #2 while he pursues #3."

False. We are going to have #2 whether anyone wants it or not. The only questions are when and how much.

#3 is irrelevant drivel.