Furthermore, we already pay $400 billion in debt payments from our taxes to foreign countries and entities. Yeah, lets get some more taxes going, spend now, lets not worry about what our taxes will be to pay for it later. And if you are old, hell spend like crazy, let the young pay it off when you're dead and have had yours. Who cares about the future, the gravy train will never end, its party time all the time.
Except when the interest rates will have to keep rising to keep foreign investors interested. Oops that's already happening. Maybe there is brickwall at the end of this speed train.
Funny, by the way, why do you ignore those ignoramoses our founding fathers? After all, they were near sighted and believed in tarrifs while the greatest industrial power on earth: England, was busy buying into Free Trade. What's that you say? England is a second rate power at best? Why yes, that is the point now isn't it.
Maybe the founding fathers weren't so ignorant in their support of tariffs.
No, but mommy and daddy did. Don't kid yourself. They checked out mommy and daddy before they gave you a credit card.
"You are either blissfully ignorant of the state of the credit industry or are ignoring it purposely."
Are you currently unemployed? If so, I challenge you to go to your nearest bank and request a long or simply reply to the next credit card offer you get in the mail. Credit is given out much more easily than it used to be, but you don't get credit if you don't have a job.
"Furthermore, we already pay $400 billion in debt payments from our taxes to foreign countries and entities."
Not sure how this relates to the topic at hand. Can you elaborate?
"Except when the interest rates will have to keep rising to keep foreign investors interested. Oops that's already happening."
Interest rates are still very low and actually needed to come up so individuals could earn something on their savings.
" Funny, by the way, why do you ignore those ignoramoses our founding fathers?"
Where in the Constitution does it forbid globalization of the marketplace and/or the forbidding of U.S. businesses from outsourcing/offshoring? If all you are talking about is putting tariffs on products brought in from overseas, that is a different issue. The original discussion was about outsourcing/offshoring.
"England, was busy buying into Free Trade."
Okay, you said this again, so I'll say it again - the lifestyles of Americans have improved substantially since the U.S. began participating in globalization.