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Capital flows to markets with stability. It's not difficult. Deficits make sense when they provide stability. The problem isn't merely that America posts deficits; it's that it doesn't post surpluses enough when the time is ripe. Clinton did it. G. W. Bush felt that tax cuts and wars were more important.
Too many Americans are already struggling. Cutting deeply into badly needed programs is only going to make things worse. Economies are built from the ground up: when the lower and middle classes crumble, there is nothing for the wealthy to make money off of, and so they go and make money elsewhere. Spoiler: i.e. overseas
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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