Quote:
Originally posted by sacX
well that's all very nice, but the US depends on foreign inflows of capital to finance the current account deficit. All recent data suggest foreigners are sick of being "owned" and foreign inflows are way down. At the end of the day that worthless piece of paper will hurt Americans more than anyone else.
btw GDP growth wasn't over 9% it was 8.2% and not everyone who dislikes Bush or US foreign policy is anti-american (honestly) 
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Good point, but the deficit cannot possibly be extinguished. This is like... you always using one credit card to pay all your bills, and making the monthly payment to justify your spending. We are always spending and buying from foreign countries, so its impossible to just eliminate the debt.
And from an ignorant point of view: Who cares? What country would make us pay it up in full?