Well, the way the US economy is set up (in my understanding, I could be horribly wrong here, if so, please correct me) allows for buying things from outside the US, because the money doesn't completely leave our shores. What we buy from a brick-and-mortar store in the US still goes to paying the paychecks of people in the US. You are correct about the US auto industry however, that does need serious overhaul or it will fail miserably (well, would have until the government took it over, I think it should have). However, protectionism within the country won't do anything for the citizens of the US. Its been proven time and time again, such thoughts will ruin the economy. We don't need to "Buy All American" we need to buy smart. If the US really wants increase business, it should drop corporate taxes. This would bring in business, and allow for more money going into the pockets of US workers.
Now, the deficit is all about the money we borrow, and if we're borrowing money that we put into the country, we're still borrowing money. We need to stop this. The fact is that some country could try to collect if things get really bad, and thats the last thing that we want. Aside from that however, the spending of the country is a damned powerful example to the US people. If the government can get away with borrowing exorbitant amounts of money, why can't they? Happy_Terd was right in most regards, the American male has become too much of a "little miss prissy" and is no longer willing to make sacrifices in order to sure up the future. There was a time where the majority of people just did without if they didn't have the cash on hand or wouldn't be able to pay for something else more important later, and that time is long gone now.
I'm not going to sit here and get into a pissing match about which party and which president did what and where and whose boogers ended up on the wall, but I will say that its not one president to be blamed here, its a trend that no single president or group has had the cajones to put an end to. Current president withstanding.
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