ClimbingPanther Posted December 4, 2007 Posted December 4, 2007 ...China. Not oil. Problem: grotesque trade deficit, China being the primary problem, with their devalued currency and such. Solution: devalue our own currency to equalize the trade deficit. How to accomplish? What better way to devalue our currency than by running up a gigantic national debt?! And what better way to run up a debt than (no, not by electing Democrat tax-and-spenders) start a war after lowering taxes! Don't-tax-but-spend-anyway! Brilliant! Quote
Crux Posted December 4, 2007 Posted December 4, 2007 Doesn't China devalue its currency simply by keeping it pegged to the US dollar? Quote
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