By: More Austerity Advice From the Very Rich: Buffett On Deficits! - New Economic Perspectives

[...] But getting back to eliminating the positive foreign sector balance through greater exports, the Government can neither do this for the private sector, nor maintain control over such a process once it starts. And, in any case, a change like this isn’t beneficial in terms of adding to the real wealth of Americans, since even though imports cost money, they increase real benefits/wealth, as opposed to financial wealth. But that’s a story for another time. [...]