Just look at this discussion and place your family in the role of America. Can you send more money (than you make) out to other families continously and survive? Sure saving a few dollars here and there will enable you to keep it up a little longer, but you will still end up broke if you send out more than you keep or take in. (yes this is over-simplifying but a good exercise in comprehension of the problems)
We send gazzilions to other countries, non-stop. The effects are obvious and the end game is setting in.
We can debate it until we are blue in the face, but reality is we have to find a way to stop sending our money and jobs to other countries. We can’t just keep growing the debt indeffinately, hoping something other than good old fashion “making things we consume and spend money on” will turn the deficits around and create enough real jobs.
