- Bob argues that America being in a trade deficit is not a sign of weakness. And that other countries are able to stretch the American dollar farther in their own nation than we can here. Making it cheaper for us to import foreign goods because of how stable and valuable our currency is. However he also says that issues arise when we are not focusing more on being self sufficient and that a major solution to these issues is rooted in government spending more and more.
- He says that being in debt should not be something the American people just brush off, proverbs says that the borrower is the servant to the lender. Which is not a situation I want my government to be in relation to other countries.
This is great Jonny. When the dollar becomes greater in value, it becomes easier for us to import goods. If we would just reduce government spending we could solve many more problems.