You Should Be Afraid Of The Trade Deficit, Not The Budget Deficit

http://nhlabornews.com/2014/04/you-should-be-afraid-of-the-trade-deficit-not-the-budget-deficit/

By NH Labor | April 10, 2014

Written by Dave Johnson

Our enormous, humongous trade deficit hurts our economy; our budget deficit right now doesn’t. What would the result be if people were more worried about the trade deficit than the budget deficit? Fixing the trade deficit would mean more jobs, higher wages and a much, much better economy. It would also mean the wealthiest have less power over the rest of us.

Have you noticed that the results of the budget deficit scare all seem to work against regular people? Getting people scared of “government spending” has forced a reduction in the things government (We the People) do to make our (We the People) lives better. We have cut back on education (meaning poorer schools and higher student debt), fixing roads and bridges (meaning fewer jobs) and safety net programs (meaning more people fall into poverty). There are even attempts to cut Social Security and Medicare. At the same time the rich are getting vastly richer.

No wonder the push to scare people about budget deficits comes from special interests thatrepresent the wealthiest.

Meanwhile we have an enormous, humongous trade deficit.



FULL story at link.

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About NH Labor

The New Hampshire Labor News is a group of NH Workers who believe that we need to protect ourselves against the attacks on workers. We are proud union members who are working to preserve the middle class. The NHLN talks mostly about news and politics from NH. We also talk about national issues that effect working men and women here in the Granite State.