For decades now, we have seen our economy struggle to recover jobs that have been lost to outsourcing. We must now come to the reality that our failed trade policies are destroying our economy.
Tag Archives: Trade Deficit
Unfortunately for us, many of our “free trade” agreements have resulted in closed factories, soaring unemployment, and some communities engulfed in misery.
Our trade deficit is astronomical and simply unsustainable. Every year it inches higher and higher. Our so called “Free trade” deals have not only shipped jobs overseas, but have also contributed to our trade deficit in the energy sector. The United States needs to move and become energy independent.
China has announced that it will increase its military budget by 10 percent. This increase would put the Chinese military budget around $145 billion, making China the world’s second largest military spender. Even with this increase, China is still far behind the United States. However, with our trade deficit with China being at an all-time high, we are essentially paying for their military budget increase.