A simple point about the national debt loved by right wingers and hated by left wingers

This is the first thing I’m posting on this sub, and it concerns something that really annoys me: the lack of distinction between the balance of trade and national debt. <br><br>A simple point about the national debt is that just because the US runs a national budget deficit each year doesn’t automatically mean we run a trade deficit. And vice versa. <br><br>When you run national budget deficits, you can finance them with either domestic debt or foreign debt. <br><br>So, if you run a budget deficit and finance it with domestic debt, you can run a budget deficit without running a trade deficit. And vice versa. <br><br>The right wingers love the above point and hate pointing out that when you run a budget surplus you can run a trade deficit and vice versa. <br><br>This is what loved by the right wingers and hated by the left wingers.