What needs to happen is to restore the import tariffs and put Americans back to work. The reasons borrowers aren’t in a position to borrow is that there are no jobs, and those jobs that do exist are not quality jobs.
The drop in oil prices is going to help a little in the short run. But low import tariffs is like trying to bail out a ship that has an unrepaired hole in the side.
Better idea would be to stop protecting unions and recognize that Americans need to modernize to compete. We must reject the excessive regulation and taxation by our government. The engine that makes America exceptional is still there. Take off the restraints and the new jobs will be there and they will offer big rewards for skills.
One caveat is that if we don’t start educating rather than indoctrinating our children, they won’t be able to compete with the influx of better educated illegals.
“The reasons borrowers aren’t in a position to borrow is that there are no jobs, and those jobs that do exist are not quality jobs.”
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You can say that again, I would hate to be a young person starting out now. I went straight from high school into the military (Navy) and spent 38 weeks learning electronics. I would never advise a young person to enter the current military. When I came out at 21 I could land the sort of job for which a recent college graduate would be considered unqualified now. By 23 I was earning the equivalent of $75000. or more a year in today’s money and was driving a new Mustang. In those days I was not considered a success though...I was still single and was the male equivalent of an “old maid” at 23.
no, that is not a solution.
Tariffs are archaic and a tax increase.
I’m surprised to see a taxer on Free Republic advocating higher taxes