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Originally Posted by Cannon Shell
Do you ever try to understand the real world? American companies employ American workers who spend American dollars on American goods which makes for more tax revenues for the American govt to spend.
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Borrowed money to finance the Iraq War has cut our productive investment. Since taxes have been cut and other spending has increased since the beginning of the Iraq war, the war has been funded using borrowed money. A lot of Iraq-related costs have been borrowed from foreigners. The interest payments on this debt constitute a flow of funds from Americans to those foreigners who have bought our debt. You're gunna mainly see the very rich traveling abroad. That's because our money is worth so little in other countries.