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To: dennisw
A United States trade deficit is a debt.

No it isn't. All my goods purchases (foreign and domestic) are paid for with cash.

When those nasty foreigners get my cash, they can turn around and buy T-bills, for instance, or US goods. Their choice. How do you figure my cash puts the US in debt?

157 posted on 10/09/2009 8:00:46 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Read 158 and use all your powers of reading comprehension.


159 posted on 10/09/2009 8:15:34 AM PDT by dennisw (It's not called the Wheel. It's called the Carousel.)
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