> So we should continue to invest in defense because it is a massive industry for the US. To solve the trade imbalances though, the dollar should be weakened (i

> So we should continue to invest in defense because it is a massive industry for the US. To solve the trade imbalances though, the dollar should be weakened (it may occur naturally). That will allow us to rebuild our manufacturing base as our products will be more competitive on the international stage. A side effect of this not talked often is that the bigger you economy, and currency is globally, the more deficit spending by the government hit your balance of payment. US can't devalue the USD dramatically for as long as its debt is held of special value inside the country, and around the world. Americans, want slash, and murder your trade deficit? Run state budged at surplus for a few years, and you will see it melt away.