Cadaver stated: source post
Great more shitposts by economicly illiterate people. The US government debt is hardly a problem when the cost to service it is at historically low levels. At a projected amount of 544 billion it's next to nothing, bond yields are also at historically low levels (even without QE). At around 1.4% of GDP in 2015 the idea that the US is paying a lot to service its debt is just as faulty as your brain.
Oh, so 54.4% of a trillion is nothing for the US by that logic. Meanwhile the number is larger than Google, year after year which is now the biggest company in the world.
That's so good I'll have to hang it on my wall Cadaver. How about we add the service expense on top of other expenses next time smartie ?
As for the trade question the total US current account deficit is at 390 billion (2014) or around 2.2% of GDP which is also quite low.
So even if you were to reverse the whole trade situation which you economically illiterate idiots seem to think is the answer, it would be a drop in the bucket. Also considering the macro trends on a global level that's impossible.
Of course it would be a drop in the bucket, the debt has been going on for so long, and the debt includes interest. You're not saying anything new. I wrote about this many times, and suggested great great great grandchildren of that nation will inherit debt. Still the US needs to save the money they can't even keep.
What needs to be taken into account when looking at this who owns the production facilities around the world, the US has about 340 billion higher GNI relative GDP which means the factories are to a large degree owned by US citizens.
US citizens DO NOT own any factories not in their own country, and definitely not over seas in some other country.
Big businesses own facilities, and the people who work for them do not. It's not tax money that built the industries either. Some factories are outsourced.
Take Apple for instance. They do not own Foxconn, they outsource to them. As for the American owned factories over seas. It's the locals in that country that's employed there, and they are paid with their local currency, however that currency has been converted from the USD.
When the US citizen purchases industrial goods, like everything else, it is taxed, and the Government gets their tax, and the rest goes to the company. Their expenses are covered, and no, the industrial factories do not belong to the US citizens in any degree.