[dennisw]

Only a moron favors trade deficits. Do you live a life of profligacy and debt?

Same as Arnold Schwarzenegger is worth 200 million or so. Do you think he would be worth that much if he treated his own finances the way he dealt with California’s?

The strong nations right now have a lot less debt than us. Check out Canada and Australia. Their currencies are soaring. Gold has not yet reached an all time high in Australian dollars. They run trade surpluses plus they didn’t have a den of thieves known as Wall Street with its derivitives machines

[TChris]

Only a moron favors trade deficits.

While you're throwing insults around, I have to ask: Do you know the difference between a budget deficit and a trade deficit?

You do understand that a trade deficit has nothing at all to do with debt, right?

(It's unfortunate that the word "deficit" is used in this way, for just this reason.)