Saturday, February 11, 2006

You Have To Wonder

How long can a nation keep shipping it wealth overseas, then pay interest borrowing it back, before it all collapses.

The United States racked up a record-high trade deficit with the rest of the world in 2005, setting off a political firestorm that's being felt from Washington to Beijing, roiling U.S. manufacturers and organized labor, and prompting Congress to consider new laws to rein in the losses.

The administration actually supports this and our congress lacks both the wisdom and courage to do anything. This means we can all watch in morbid fascination until the final collapse occurs.


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