Record Trade Deficit
$9 Trillion of QE plus reckless deficit spending leading to massive consumption pushes US Trade Deficit to record over $100 Billion in March. This continued focus on consumption, will lead to more outsourcing and the collapse of the working class.
Now more than ever the US needs to increase SAVINGS by balancing the budget and paying down the $27 Trillion National Debt. If you believe in the Law of Supply and Demand the following economic rule is valid.
Savings-Investment=Exports-Imports
$9 Trillion of QE plus reckless deficit spending leading to massive consumption pushes US Trade Deficit to record over $100 Billion in March. This continued focus on consumption, will lead to more outsourcing and the collapse of the working class.
Now more than ever the US needs to increase SAVINGS by balancing the budget and paying down the $27 Trillion National Debt. If you believe in the Law of Supply and Demand the following economic rule is valid.
Savings-Investment=Exports-Imports