02-03-2007, 09:56 PM
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pixie of the wood
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Join Date: Apr 2004
Posts: 10,575
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jseal, i’m not talking quality of life; i’m talking fiscal responsibility, economic diversity and money management. this old gray mare just ain't what she used to be and we can't keep operating as if she was. it’s not just the trade deficit numbers that act as the sole standard for gauging the economic might of the us, it’s all the stuff i mentioned before plus the need to look ahead at the could happens. when there is no more third world to exploit, when most other major foreign currencies are just as valued as the us dollar, when the technological leverage (where most our service surplus comes from) that we have barely managed to hold onto (and has indeed been slipping since ww2) is gone, when our world has become so amalgamated that there are no longer super powers just superior efficacy, our deficit and overall economic value (as in what can we bring to the table in the form of money, goods or services) is going to be the single biggest factor in where we will fit into this new world.
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