> We have long known that government debt is proportional to trade deficits. And so far we've been cool with that because it: - continues to make the USD the

> We have long known that government debt is proportional to trade deficits. And so far we've been cool with that because it: - continues to make the USD the dominant global reserve currency, strengthening our economic and political clout - allows us to borrow cheaply to finance our military and whatever else we're spending $ on