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>You can't pull single statistics to tell the whole story and you're probably going to be wrong if you try it. I really can. If your premise is that the US has

>You can't pull single statistics to tell the whole story and you're probably going to be wrong if you try it. I really can. If your premise is that the US has to run a government deficit because China runs a government surplus then the fact that the Chinese government doesn't run a surplus really sinks the whole line of thought. Again: government spending is not the same thing as the balance of trade. Japan runs a huge current account surplus, but has the highest ratio of government debt to GDP in the world.

bioemerl 4y ago
The US has to have debt in some form. We chose for it to be in government debt because that's the least harmful place for it. It is a problem not because it's government debt, it's a problem because of the lost jobs. It's a problem because of our dependence on China for goods. It's a problem because it's inherently unsustainable debt no matter what form it takes.