Dr. Who, the trade deficit is not a symptom; it’s a statistical description of the problem.
[Excerpted from chapter 25 of the Biblical book of Genesis:
And Jacob said, Swear to me this day; and he swore unto him: and he sold his birthright unto Jacob.
Then Jacob gave Esau bread and pottage of lentils; and he did eat and drink, and rose up, and went his way: thus Esau despised his birthright].
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[The United States became the world’s greatest producer of goods. The “arsenal of democracy” was a vital factor of the Second World War’s outcome and USA’s extraordinary post- war economy. That economy funded the Marshall Plan that significantly contributed to Europe's post-war recovery. (It should be noted the plan was funded by ALL taxpayers; our trade deficit’s detriment to our GDP is primarily the financial burden of U.S. wage and salary earning families)].
Dr. Who, why are you so despising our children’s' and grandchildren’s' birthrights of the great producing nation you and I enjoyed?
You would continue the detriments to USA’s annual gross domestic products and significantly sacrificing the finances of our wage earning families until we reach wage parity with the remainder of the world? If and when that occurs, isn’t it likely that U.S. wages will plunge to a greater extent than the increase of foreign wages?
If the U.S. Congress should determine we continue being charitable, the burden should not be primarily borne by wage earning families.
Respectfully, Supposn
