[Willie Green]

So the government shouldn't cut my taxes because I might spend my own money on a foreign product?

There comes a time when you (as a citizen) have to own up to your financial responsibilities and obligations. Debts must be paid, unless you think declaring National Bankruptcy is going to save your sorry butt.

[Publius Maximus]

A wise policy would be to encourage domestic production for domestic consumption - that's Adam Smith 101. Impose an ad valorum tariff on all articles of foreign manufacture, and remove all taxes on individual income and investment. This would necessitate maintaining a MUCH SMALLER federal budget, sufficient to pave our roads and fund our military, but not much else. But the economic boom would be unbelievable, and nobody would miss all those unemployment benefits.

Unfortunately it is going to take the nation going through bankruptcy to realise the wisdom of the tariff revenue system that our Founders created, and which made us rich and independent for the first 150+ years of our republic. The tax-and-spend empire, constructed by the two party duopoly in this century, is on a collision course with reality.

[lasereye]

You seem to be linking the budget deficit to trade deficits. What are you saying the link is? Are you saying if we increase taxes the trade deficit would decline? And if so, why?

[Toddsterpatriot]

There comes a time when you (as a citizen) have to own up to your financial responsibilities and obligations.

If you're talking about foreign products I've bought, I paid when I bought them.

Debts must be paid, unless you think declaring National Bankruptcy is going to save your sorry butt.

If you're talking about the National Debt, I vote we cut government spending. Is my butt saved?