A shrunken dollar will help U.S. workers

From Lasvegassun.com

President Barack Obama’s stimulus will increase the national debt to 77 percent from the 70 percent of the GDP he inherited. Contrary to the fear that the U.S. dollar would devalue as a result, the U.S. dollar has strengthened against most others primarily because the rest of the world is in worse shape.

As other economies recover, the U.S. dollar will likely devalue, causing a degree of domestic inflation. This will help pay down the national debt, just as your fixed-rate mortgage should be easier to handle as your wages in future years are buoyed by inflation.

A shrunken dollar should help U.S. workers because imports may become so expensive that it will, once again, become profitable to hire Americans.