Our failed trade policies have ushered in unrestricted, open access to American markets, with disastrous consequences. The results have been the destruction of our economic base. In place of tariffs, more and more countries are using border consumption taxes which put our exported goods on an uneven playing field. Businesses are either closing down or off-shoring, and U.S. jobs are being lost. If the United States were to implement a border consumption tax of our own, we could regain the jobs that have been lost to other countries who have used the border consumption taxes against us.
Tag Archives: economy
It’s time our political leaders opened their eyes and got a better understanding of how student debt has impacted the lives of young adults. A study released by Dr. Katrina Walsemann of the University of South Carolina revealed that the higher the student’s loans, the poorer his or her mental health is. When you combine an average of $30,000 loans per college graduate and no jobs in the U.S. you have a serious problem.
Many people are looking to the future hoping to see promise for America. Unfortunately dark clouds are on the horizon. Here are a few concerns we see with the economy this year.
The United States’ trade deficit is a big problem. This is an ongoing issue with no end in sight as the disastrous so-called “solutions” our politicians propose are actually the main problem. Exports are great, but not at the expense of a flood of job-killing imports. When we open up our borders through “free trade” we do far more harm than good.