[Phantom Lord]

Why is the trade deficit a bad thing?

[1rudeboy]

The trade deficit is a bad thing because you are told it is a bad thing. Just accept it as fact, and get with the program. Don't you remember when Japan, Inc. was buying-up New York? It was doing so with our dollars. The fact that we then bought New York back from them for pennies-on-the-dollar makes no difference. They are our dollars, you can't spend them; because if you do, then they won't be yours anymore.

[jd777]

When you spend money you don't have, eventually you pay for it.