Our country was built on tariffs. Tariffs paid for our railroads, our wars, and even our government until 1913. With money legally earned through tariffs, we would have the funding to rebuild our infrastructure and allow our transportation to catch up with the rest of the developed world. That would mean jobs for Americans. However, all building projects must include Buy American provisions, or we will continue to watch American wealth pour overseas.
Tag Archives: Manufacturing
The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this emerging crisis. While we persist in our superpower mentality, we have quietly become a second-class country.
In 2013, the United States spent over $300 billion on importing oil. Essentially two-thirds of the country’s entire annual trade deficit can be blamed on oil imports! Oil is sucking hundreds of billions of dollars a year out of the U.S. economy. If we became energy independent, our trade deficit would be cut tremendously. Not only that but our money could begin to go to American-owned energy producers.
Detroit was once a manufacturing giant—the 4th largest city in the United States, with a high employment rate and brimming with blue collar jobs. Now its unemployment rate hovers above 16 percent, and its population has shrunk so now it is only the 18th largest city. This quick erosion of the tax base has left Detroit with $18 billion in debt and no hope of recovery in sight. This caused the city of Detroit to declare bankruptcy.
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.