Loss of Meaningful Jobs: The Real Reason for Our Debt and Deficit

Spending, ironically, has nothing to do with the deficit and the national debt, nor with the issue of jobs.

We don't make enough things of value for EXPORT to pay for our huge fiat-money bill for IMPORTS.

The loss of our manufacturing base, undercut by foreign "slave-labor" jobs, means we can't export enough goods to pay for the $700,000,000 PER DAY we send to OPEC oil dictators alone -- not to mention the gee-gaws we "buy" from China with DEBT.

So we have to issue debt instruments to pay for the huge IMPORT bill, which consists of oil (leaving us nothing of value after it's burned) and gee-gaws (which we formerly made for ourselves).

It's a popular ILLUSION to believe that if the government "got out of the way" that business would hire; in fact, business doesn't need to hire, since we can OUTSOURCE any job to overseas "slaves", which were used to break our unions and export good American jobs - throwing workers out on the street.

How many Rich Republican Banksters did it take to sell the scam of "free trade", which broke the unions, handed us the bifurcated society, and bankrupted the USA?

In reality, a large number of unemployed is the future: it's good for unregulated business, and keeps wage-inflation down. Instead of a large, well-funded middle class, we have a large, big-spending BANKSTER class, a servant class, and an unemployed class.

That's the future, until we throw Rich Republican Banksters out of power.

We need:

• A progressive income tax, with top rate over 90% for income over $10 million to stop overpaid banksters,
• A confiscatory estate tax to stop the inter-generational transfer of excessive wealth,
• A PROTECTIVE TARIFF to stop unfair competition destroying our manufacturing base.