Tag Archives: National Debt
The United States has become increasingly dependent on China to fund the sort of lifestyle Americans expect. There are good arguments to be made for occasional deficit spending, but the United States has not managed its debt responsibly. This leaves us vulnerable to those that buy and hold our debt. Opinions differ on what the exact effects would be if China were to dump our debt, but it is clear it would be bad for America.
The disastrous “free trade” inspired policies enforced through NAFTA and the WTO have led to the destruction of America’s independence. Our jobs have been sacrificed and our unilateral trade deals have created conditions that make it impossible for us to compete. These policies have led to the bankruptcy or sell-off of tens-of-thousands of American companies. Throughout the past 30-plus years America’s consumer-based relationship with the rest of the world has led to the complete annihilation of our manufacturing infrastructure.
Unemployment is rampant in the United States today, and Americans are rightfully asking for policies that will bring the problem under control. Unfortunately under our current free trade policies there is a direct correlation between unemployment and the trade deficit. As unemployment decreases we see a rise in the trade deficit because we have become so dependent on imports for our needs. This means that, until we fix our trade policies, any gains in unemployment will be tempered by a ballooning trade deficit. An economy with a massive trade deficit is unsustainable, and we must change our trade policies if we want to see our nation prosper.
Conservative leaders from across the country have gathered in Washington, D.C., for the Conservative Political Action Conference (CPAC) with the goal of furthering the conservative agenda. The number one way they wish to do this is by unseating Barack Obama in this year’s election. While this is an obvious political goal, it only does so much to change the course of this country’s policies.