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the answer is tarrifs, it doesnt matter how much you tax, if wages / production costs overseas are significantly lower than here with no import duty jobs and money will go overseas and create a deficit either govt deficit or public deficit, it hardly matters a deficit is a deficit, to bring the economy back in balance tarrifs must be enforced, jobs brought back to the us, the deficit may be best eliminated through money printing and inflation, it may be impossible to lower some wages and the most devastating financial instrument is really inflation adjusted wage / benefits as are character of some unions and public workers, (this will literally devour every last dollar until default) the govt appears to already be aware of the problem as evidenced by their suspension of automatic increases for social security, and the govt massaging inflation figures to be lower than the real rate of inflation. this is also part of the reason why food and energy prices are appreciating much faster than other items that are officially included in the inflation data. Because rises in food and energy prices do not affect inflation adjusted income and programs they rise much more readily and easily without triggering a reaction. Inflation adjustments which ensure that wages will perpetually remain out of balance preventing inflation from performing its naturally intended role of wage / production balance, leading to an economy which cannot naturally regulate itself and places its survival at the whim of policy makers who have vested interests in accelerating the imbalance.in summary inflation adjusted wage protection must be eliminated, the deficit must be reduced through inflation, tarrifs must be placed on imports, that is the only way to get jobs back to America and solve the deficit problem, the only other solution is default, or elimination of most entitlements, the later two options not necessarily protecting jobs or livelihoods but setting the stage for a massive deflation spiral. Inflation provides the best way to exit the crisis in sound order and creating jobs. Defaulting on the debt could work if the defaults are balanced by a massive us printing program designed and closely regulated at producing maximum value for every dollar spent for the people and the economic recovery, (the advantage of default lies in keeping wealth at home essentially stealing form foreign creditors, an act which is health for an economy that is over-saturated in investment and ownership control which is itself when excessive a deficit to the common citizenry and a smother-er of innovation) something that is impossible in todays political climate, especially as bondholders hold too much political power to allow a default. Defaults like inflation are natures way of regulating an economy both of which are currently being held hostage by policy makers with the intent of protecting those interests who have much to loose with the end game goal of enslaving the citizenry to debt slaves.
the answer is tarrifs, it doesnt matter how much you tax, if wages / production costs overseas are significantly lower than here with no import duty jobs and money will go overseas and create a deficit either govt deficit or public deficit, it hardly matters a deficit is a deficit, to bring the economy back in balance tarrifs must be enforced, jobs brought back to the us, the deficit may be best eliminated through money printing and inflation, it may be impossible to lower some wages and the most devastating financial instrument is really inflation adjusted wage / benefits as are character of some unions and public workers, (this will literally devour every last dollar until default) the govt appears to already be aware of the problem as evidenced by their suspension of automatic increases for social security, and the govt massaging inflation figures to be lower than the real rate of inflation. this is also part of the reason why food and energy prices are appreciating much faster than other items that are officially included in the inflation data. Because rises in food and energy prices do not affect inflation adjusted income and programs they rise much more readily and easily without triggering a reaction. Inflation adjustments which ensure that wages will perpetually remain out of balance preventing inflation from performing its naturally intended role of wage / production balance, leading to an economy which cannot naturally regulate itself and places its survival at the whim of policy makers who have vested interests in accelerating the imbalance.
in summary inflation adjusted wage protection must be eliminated, the deficit must be reduced through inflation, tarrifs must be placed on imports, that is the only way to get jobs back to America and solve the deficit problem, the only other solution is default, or elimination of most entitlements, the later two options not necessarily protecting jobs or livelihoods but setting the stage for a massive deflation spiral. Inflation provides the best way to exit the crisis in sound order and creating jobs. Defaulting on the debt could work if the defaults are balanced by a massive us printing program designed and closely regulated at producing maximum value for every dollar spent for the people and the economic recovery, (the advantage of default lies in keeping wealth at home essentially stealing form foreign creditors, an act which is health for an economy that is over-saturated in investment and ownership control which is itself when excessive a deficit to the common citizenry and a smother-er of innovation) something that is impossible in todays political climate, especially as bondholders hold too much political power to allow a default. Defaults like inflation are natures way of regulating an economy both of which are currently being held hostage by policy makers with the intent of protecting those interests who have much to loose with the end game goal of enslaving the citizenry to debt slaves.
