alt Hacker NewsI think the whole trade deficit argument to be beyond stupid.
1. Sending machinery, food, equipment in exchange of pieces of paper with national heroes printed on them should make you think who's benefitting really from the deficit
2. This is the 21st century, you can't ignore services. How many Office and Adobe licenses, credit card transactions, Netflix subscriptions, Hollywood movies and shows, advertisement space online, US companies sells and it doesn't enter the trade argument?
Services can’t fight a war or feed you. A nation that wishes to be a real power must be able to guarantee it can feed and protect its people.