"the interest other countries would have to pay you..." That's the problem, they don't have to, and they can choose not to. The fiscal deficit is a whole sepa

"the interest other countries would have to pay you..." That's the problem, they don't have to, and they can choose not to. The fiscal deficit is a whole separate matter, but I think it is a downstream effect of the kind of policies and economy that develop when you run a huge trade deficit selling your currency for goods and services.