The United States federal government has an accumulated debt of more than $17 trillion, and that debt is expected to grow significantly in coming years. This burden is an extremely serious drag on our economy. Borrowing more and more money will threaten the livelihoods of Americans, as well as our standing with the rest of the world. It is important we act now, so we can set our nation on a new course.
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We are losing an economic war waged against us, and we haven’t even bothered to show up for it. “Free trade” is unrestricted access by foreign companies to everything we have—to buy, to sell, to maliciously undercut our prices and knock out any business at will. It is destroying America and we are doing nothing to stop it.
For most Americans the economy has not gotten better. A survey from the Federal reserve reports that fewer than one-third of Americans believe they are better off financially than they were five years ago, with a lack of household savings and large debt burdens holding back large segments of the economy.
When we finally awake from our peaceful sleep we will realize the ownership and control of our country was taken from us. We are a defeated and conquered nation. While we were sleeping 16,613 of our wealth-generating companies permanently slipped into foreign ownership. The further profits, which formerly supplied us with our strength and comforts, will now belong to our foreign masters who have stealthily taken control of us in an economic war.
Few are aware that NAFTA (North American Free Trade Agreement) has rendered us uncompetitive in the world economy, has destroyed our industrial base, caused us to outsource most of our production, and killed most of our manufacturing jobs.