Americans Need To Stop Sending Money Abroad While We Rack Up Trillions In Debt

1. In his pique over unfair trade, Prcsident Trump is prone to bewail America’s as the “piggy bank that everybody wants to steal from.” Critics might dismiss this as just another whiff of Trumpian hyperbole, but it calls attention to a serious question about the country’s fiscal adequacy.
2. Ross Perot, the Texas billionaire who made a third-party bid for the White House in 1992, is best remembered for his warning of a “giant sucking sound” that the North American Free Trade Agreement (NAFTA) could make as American companies closed their plants and poured capital into Mexico.
3. The United States, a debtor nation with a fiscal deficit pushing $22 trillion, can no longer be big daddy to the world and has to husband its resources more judiciously.
4. The United States, a debtor nation with a fiscal deficit pushing $22 trillion, can no longer be big daddy to the world and has to husband its resources more judiciously.

https://thefederalist.com/2019/06/17/americans-need-stop-sending-money-abroad-rack-trillions-debt/