Temporary Respites from Permanent Decline
By Paul Craig Roberts
The US is dependent on foreigners to finance its $600 billion annual government budget deficit and its $800 billion annual trade deficit. The US government relies on foreigners to recycle their $800 billion trade surplus dollars to buy US Treasury bonds and mortgage debt.
http://www.informationclearinghouse.info/article20727.htm
http://freepage.twoday.net/search?q=budget+deficit
http://freepage.twoday.net/search?q=Paul+Craig+Roberts
The US is dependent on foreigners to finance its $600 billion annual government budget deficit and its $800 billion annual trade deficit. The US government relies on foreigners to recycle their $800 billion trade surplus dollars to buy US Treasury bonds and mortgage debt.
http://www.informationclearinghouse.info/article20727.htm
http://freepage.twoday.net/search?q=budget+deficit
http://freepage.twoday.net/search?q=Paul+Craig+Roberts
rudkla - 11. Sep, 06:20
