About time. Wake up & smell of coffee.

[russotto]

Originally Posted by richlevy

So if I run up a $40,000 bill on my credit card it shows I am successful because someone was willing to extend me that kind of credit.

No, no, a $40,000 debt is your problem. A $40,000,000,000 debt is your creditors' problem

In any case, the trade deficit (unlike the budget deficit) has nothing to do with either. There's no real debt involved; it never has to be paid back. I have a major trade deficit with Apple Computer, for instance, and we're both fine with that.