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View Diary: How much longer can the Austerians and their puppets go on with their failed policies and lies? (125 comments)

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  •  So, in other words, yes (0+ / 0-)

    For the foreseeable future, at least, you expect net exporters like Germany and China to continue to ship us goods and services without compensation.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Tue Jan 29, 2013 at 05:24:50 PM PST

    [ Parent ]

    •  No, in other words, no. (2+ / 0-)
      Recommended by:
      dorkenergy, aguadito

      I do not believe that they are shipping goods without compensation. The Chinese elite appear to be quite well compensated. I was talking about sectoral balance and the implications of same for the Federal budget deficit.

      The free market is not the solution, the free market is the problem.

      by Azazello on Tue Jan 29, 2013 at 05:33:15 PM PST

      [ Parent ]

    •  But that's not how it works either (2+ / 0-)
      Recommended by:
      mrkvica, Azazello

      First: if the US economy grows at the same rate as the debt does, so that the debt is a constant percentage of the GDP, then there is no problem here even with your preconceptions.

      Second: since the vast bulk of US debt is held by US citizens/companies/etc, we export dramatically more than we need to in order to keep up with foreign-held debt.

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