Prosperity! W Style

The US will run a current account deficit of roughly $900 billion this year, or about $3000 per man, woman, and child. That is more or less how much more we are buying than producing. Live it up Americans! You've mortgaged your house, country, and children and everything they can hope to own, so enjoy it while you can. Not to worry though - at this rate it will still take foreigners fifteen or twenty years before they own everything of value here.

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