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kjm:
First: I hadn't been back to Tx in a while, I hadn't heard that Mexico had actually started paying off the water debt. It's f'ing about time.
Second: You do have a point about Mexico not paying their bills, hence a tarriff may be the answer. If we can't get them to pay cash up front, make 'em pay with Tarriffs. Of course, the U.S. consumers of Mexican goods will scream as the prices go up, but hey, we are paying anyway by way of taxes. If the taxes go down by that amount, I'd say that it was a good deal. The Mexican government will scream bloody murder, but that's the point, after all -- it gets their attention: "No More Free Ride".
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