Our beloved two party political system is currently negotiating an increase to the debt ceiling, all in the name of fiscal responsibility.
While the weekday warriors of Washington, D.C. spar over ideological dogma, it turns out that 75 percent of the budget deficit is the direct result of lost tax revenue from the recession.
Tax hikes and spending cuts notwithstanding, job growth could go a long way in solving the nation’s debt problem.
Some blame big business for outsourcing jobs, but corporations took the same course of action as American consumers who purchased goods and services from overseas manufacturers to increase their household’s bottom line.
Just as the employees bought Sony televisions to save money, their employers hired Asian workers to book a profit.
In a strange twist of fate, both the goose and the gander knew what was good for them. The middle class can’t possibly like what it bought, having successfully financed its own demise one gadget at a time.
If Americans took such extraordinary exception to outsourcing, more people should have driven a Ford .
Imagine, however, if consumers voluntarily agreed to pay higher prices for goods and services made in the United States, mitigating the incentive for corporations to hire cheap workers overseas.
Naturally, consumers would demand an audit to verify which stages of product development were conducted domestically, ranging from manufacturing to customer service. As luck would have it, such a business model already exists.