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The Effects of Nearly 16 Yrs of "America Last" Policy

The Pillage of America

By tony el, published Aug 23, 2007
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"America is the world's bread basket". "America is the richest country". "America is the world's sole superpower." Blah, blah, blah, blah, blah, blah, blah. I know that we have all heard these and other accolades. But, wait, let look closer under this nation's skirt. Since 2005 America has been a net food importer. The US government has a $5.8 billion deficit with Canada, its biggest trading partner, $6.4 billion with Mexico, $9.2 billion with the European Union, a $6.3 billion imbalance with Japan, and a maddening $233 billion bill with Communist China, the largest imbalance ever recorded with a single country. Does this look like ingredients of a "superpower"?

Due to two consecutive US Administration's, democratic and republican, deliberate pursuit of severly disadvantagous trade treaties/aggreements America has been degenerated to a status of world's prostetute. The US government is entering into agreements that give satisfaction to only to the other party and having to sureender America's most charished possessions just to eat and satisfy obligations. Since the establishment of the North America Free Trade Agreement [NAFTA], then the Central American Free Trade Agreement [CAFTA], and subsequent bilateral trade treaty/agreements with countries that us to have come to us with hat in hand hoping to be granted our favor, who us to have trade deficits with us, now have us going to them on bended knee and k-y jelly. It has not been that long ago when the US government had a surplus on it's principle debt, the federal government just had to raise it's debt ceiling to over $9 Trillion, to put it as Treasury Secretary Paulson said, "to preserve the "full faith and credit" of the United States". Imagine if you and I had a Black American Express Credit Cards maxed out and having to request an increase the amount to borrow. The Bush Administration has dined on debt expansions, this will be the fifth. The last increased was last March. The Bush Administration, with the Congress' blessings, has increased the federal debt by $3 Trillion.

Did You Know?
The US is importing $700B more in goods and services than it sells abroad. Our situation is unprecedented. No G7 country has ever had as big a deficit.
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You should completely understand what you are talking about before you write editorials of this nature. America is not in "debt" the way average people are when they owe people money that they cannot pay or even the way the average person is when he or she has used a credit card and must now pay that money back. America is in debt because treasury bonds were sold to foreign entities. This is more akin to how a company is "in debt" to its investors; just like a corporation, America sells bonds, and countries are able to buy them, therefore "investing" in America. Nothing like credit card debt. Remember, money standing still does not do anything, money invested in places is what powers economies. Most countries are also indebted to the US, as we buy bonds from most of the world. Additionally, make sure that you don't use incorrect facts in your examples. You cannot "max out" an Americna Express Black Card, thus the point of the card itself, it is the only credit card in the US

Posted on 10/29/2007 at 5:10:00 PM

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