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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (625409)	8/22/2011 10:12:31 AM
From: i-node	Read Replies (2) \| Respond to of 1577919

>> The relationship is remote at best.. Nonsense. They're joined at the hip. Suppose we convert 3,000,000 18-wheelers to CNG at which point we are no longer reliant on Saudi oil. The trade deficit is reduced by an equivalent amount. A few hundred billion a year that WOULD HAVE gone to S.A. is now in the United States. That few hundred billion a year is spent here in one form or another -- hiring employees, payroll taxes and benefits, income taxes, or simply paying dividends to shareholders, ends up reducing our budget deficit, so long as we don't burn it ridiculously on unnecessary, ineffective government spending. Regardless, it is money that is available to OUR economy that wasn't before.

To: Alighieri who wrote (625409)	8/22/2011 4:06:10 PM
From: Taro	Respond to of 1577919

"Trade deficits and thus eventually budget deficits are tied together, with the latter sooner or later following the former. The relationship is remote at best...why you would chose to mention it is beyond me. " Sure, 7-11 years or so. Countries with a serious trade balance problem: Greece, Italy, Spain, USA. Countries with great trade surplus: China, Germany among others. Please fell free to identify which of above have a budget deficit problem :) Sooner or later the (cumulated) borrowing needed to finance the budget gap following years of trade deficits as well as the interest on that accrued debt becomes a problem. As for the tax break mentioned by you, Obama had the chance to cancel it but extended it in person. Right now it looks like it may even be wiped out with the assistance of some GOP members. I read some headlines about that the other day. Unfortunately, however, that doesn't hike the taxes paid by the Buffetts, Gates's, Soroses and other caviar leftists to anywhere close to where they should be. So, any ideas??? /Taro /Taro