To finance this trade deficit the U.S. has to borrow from the rest of the world or sell American assets like stocks businesses and real estate to the rest of the world.
The reason that minorities and women don't have a better shot at getting elected to the Senate or to statewide office is because the campaign finance rules are so skewed as to make it very difficult for non-traditional candidates to raise the money necessary to get elected.
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But because we in the United States finance our current account deficit by borrowing in our own currency we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
