Standard macroeconomic theory points to how a budget deficit can be a contributing factor to a current account deficit. This link can be seen from considering the national accounting model of the economy:
{\displaystyle Y=C+I+G+(X-M),}
where Y represents national income or GDP, C is consumption, I is investment, G is government spending and X–M stands for net exports. This represents GDP because all the production in an economy (the left hand side of the equation) is used as consumption (C), investment (I), government spending (G), and goods that are exported in excess of imports (NX). Another equation defining GDP using alternative terms (which in theory results in the same value[citation needed]) is
{\displaystyle Y=C+S+T,}
where Y is again GDP, C is consumption, S is saving, and T is taxes. This is because national income is also equal to output, and all individual income either goes to pay for consumption (C), to pay taxes (T), or is saved (S).
Twin deficits hypothesis - Wikipedia
Cool, so tell us how your quality of life has changed as a direct result of debt and deficit spending and tell us what spending you are outraged about? This should be a simple task for a fiscal genius...no?
You are publicly admitting that you don't know how trade deficits are a bad thing?
Really?
Your lord and master Donald Trump has been ranting against trade deficits for years. You know...manufacturing jobs, blah blah blah.
Refer to post 5. You could have just said "I pick number 2".
I’ll admit that you can’t explain how your life has changed as a result of debt and deficit spending...I’ll admit that you can’t articulate to us exactly what spending you disagree with.
I have articulated at least a hundred times on this forum how to not only balance the budget, but how to decrease spending and lower tax rates for everyone.
Trump, on the other hand, is spending more than any human being in the history of the world. And that is a large contributing factor to our skyrocketing trade deficit.