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In 1963 the USA was #1 in education, health, industry, standard of living, the biggest creditor nation in the World, with a trade surplus of several billion dollars. Now we are #20-40 in education, #37 in health, #6 in industry, destruction of the Middle Class, the biggest debtor nation in the world, and billions in trade deficits.
Today the USA's National debt of $8.5 trillion with other obligations of over $50 trillion. We have an annual budget of $3.5 trillion, and then borrow hundreds of billions of dollars as annual budget deficit added to the National Debt. The USA has a Trade Deficit of $800 billion a year thanks to NAFTA, WTO, and all so-called “Free Trade” Agreements passed by the US Congress and President to export millions of good jobs that benefit only large campaign contributing Multi-national Corporations in search of “cheap labor” at any cost, destroying our tax-base.
When you find yourself in a deep hole the first thing you have to do is: “STOP DIGGING!”
Economists calculate we lose 20,000 jobs for every billion dollars in trade deficit: 20,000 X 800 = 16,000,000 jobs. Service jobs cutting each others' lawns and flipping burgers while Congress votes to increase salaries by thousands of dollars adds insult to injury.
A successful nation must have a sound dollar and economy, rule of law, and protection of personal and property rights. Success is based on a 3-legged stool - Agriculture, Mining, and Manufacturing. This assures the “value-added” jobs that made the U.S. the greatest economy the World has ever seen.
Moral - If it ain't broke, don't fix it!!!
Good salaries circulate through the economy of a town several times: stores, banks, etc.
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