Christian Debt Recovery

National Debt And Deficit By Year

July 13th, 2009 |

Author: Gavin

Free Trade Deficits are Unconstitutional & Unethical, Citizens for Equal Trade

Many U.S. citizens have been frustrated over the high cost of free trade including 3.6 million manufacturing job losses and its associated massive U.S. tax losses. The culprit is really the trade deficit; it creates unconstitutional tax losses and is ruining America. Additionally foreigners make huge profits from the trade deficit enabling them to buy up U.S. businesses. They now own 14% of U.S. businesses aided by trade deficit profits, but only employ about 3.5% of the U.S. workforce. This poor job creation means more lost jobs and tax revenue and more government debt increasing the national debt. These constant yearly job losses cost serious tax losses adding to the national debt. We estimate roughly $1 trillion in lost U.S. taxes since 1971 due to excessive trade deficits! Recognizing this, the new website http://www.citizensforequaltrade.org is petitioning for an equal (balance) trade policy. The site provides:

1) A Petition you can sign to support Equal Trade to help prevent these large U.S. trade deficits.

2) An INFO Center to understand:

a. Why the trade deficit causes tax losses that are unconstitutional, unethical, and unfair.(it violates: Article 1, Section 9, Clause 5):

b. Why the trade deficit allows foreigners to buy up America.

Citizens for Equal Trade supports the Balance Trade Restoration Act of 2006 (that was never voted on) or a similar equal trade act. This site provides a great opportunity to understand these facts and act by signing this new petition, instead of just watching America being purchased by foreigners and your job outsourced!

About the Author

Dr. Alec Feinberg is the founder of Citizens for Equal Trade (CET). He is a reliability economist, engineer, and author of the book, The Truth of the Modern Recession, Root Causes and Reliable Solutions published by WE-Economy Press. He is the inventor of Reliability Economics for the layperson, congress people, and economists. He has worked in numerous industries for over 30 years. He is also the author/editor of the book Design for Reliability published by CRC Press.