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Biggest Threat to America's Future - The U.S. Free Trade Deficit - Key Facts Warren Buffett has been quoted as saying, "The U.S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil...". No economic issue today is more pressing than the U.S. Trade Deficit. This predicament should be America's top priority. It is also a key reason why we have high unemployment. Yet most people in America do not understand this Silent Killer or what they can do about it. Even most economists are very defensive of our free trade policy, yet none of them can defend free trade's 1000 pound Gorilla in the room" the U.S. yearly trade deficit. This article will outline the frightening facts and provide the reader with a number ways to make their voice heard to congress in an effort to create change on this U.S. economic crisis in favor of Fair and Equal Trade.Here are important key facts on why the Trade Deficit now threatens our future:1) First and foremost, there is absolutely no history that shows that any country including the U.S. can long sustain large yearly trade deficits...more
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