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To: Toddsterpatriot
The point of this thread was the big trade deficit with China. You know what a trade deficit is, right? We send China little green pieces of paper and they send us computers, CD's, DVD's etc.
So you plan on not honoring those greenbacks for all debts public and private?
Willie is worried that they'll keep our little pieces of green paper and never give them back. If they want to do that, we've got plenty of paper.
Nope.
If they use that paper to buy stuff from us, you and Willie are happy and American jobs are created. If they use that paper to buy t-bills, they reduce American interest rates which helps the economy and creates American jobs and reduces interest the govt pays to finance the federal deficit.
I don't care what they do with the money, I just think we should give them less of it. You however, must be very worried about what they do and don't do since that is part and parcel with your version of free trade.
So, either way, I don't see a problem

Enlighten me, show me the problem.

The problem is that you are investing in everybody else's manufacturing sector. The income gap is growing. Real wages are not growing. People are losing good paying jobs. Mothers have to work instead of staying home raising their kids. You are making a communist country wealthy. You are making us dependent on the rest of the world.

85 posted on 02/24/2003 9:27:10 PM PST by sixmil (down with open-borders-tariff-free traitors)
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To: sixmil
So you plan on not honoring those greenbacks for all debts public and private?

Sure, I'll honor the pieces of paper, all they have to do is buy stuff. If they prefer paper, I guess they could eat it.

The income gap is growing.

Income gap, you sound like Clinton.

Real wages are not growing. People are losing good paying jobs. Mothers have to work instead of staying home raising their kids.

Mothers have to work because the goverment takes half our money, not because China gives us cool stuff for green paper.

You are making a communist country wealthy. You are making us dependent on the rest of the world.

Yeah, China is so wealthy that Americans risk their lives to get smuggled into China everyday, oh wait, Chinese get smuggled here. Nevermind.

86 posted on 02/24/2003 9:55:49 PM PST by Toddsterpatriot
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