Concerning the National Debt in Relation to Gross Domestic Product
To Whom it May Concern:
1} The national debt was NOT reduced to zero during the Clinton Administration.
Rather, it rose approximately $1.6 trillion, from $4.1 trillion to $5.7 trillion. In
as much, Clinton did NOT erase the national debt, as certain people claimed.
2} Nor did the national debt decrease during the Clinton Years. Instead, the rate
of increase slowed-down as the Clinton years progressed. What is significant
about the national debt during the Clinton years is this:
Firstly, Clinton enjoyed budget surpluses from three out of his eight in office,
The National Debt, as a percentage of Gross Domestic Product, dropped by 9%
during Clinton's last term. It went from 65.4% of GDP to 56.4% of GDP. If
Clinton didn't acquiesce to NAFTA, things would have been much better than
what resulted during his administration. He sabotaged his own administration
and all of America, for the years to come. None the less, Clinton did produce
a surplus in terms of the yearly (fiscal) budgets for fiscal years 1998, 1999, and
2000. The numbers respectively are $69, $77, and $46 billion, if you use the
accrual accounting method is coming to the conclusion.
The accrual method simply records expenses at the time the charge/debt occurs,
as opposed to when the expense is paid. In accounting a charge/debt is known
as an account payable. It's regarded as a liability ... a subtraction from wealth of
the company accruing the charge.
In recent presidencies, the Carter administration started with a national debt that
was 35% of GDP and it ended at 32.5%. Under Reagan, it went from Carter's
32.5% to 53.1%. Thus comes more evidence that Reagan was NOT the model
of fiscal responsibility that Fox News and the Republican Party make him out to
be. After all, the national debt ceiling limit was elevated 18 times under Reagan.
Under George Bush I, the national debt's percentage of GDP elevated from 53.1%
to 66.1%. Under Bush II, it went from Clinton's 56.4% to 84.2%.
The Post WWII & Vietnam War Presidencies
At the start of 1945, the national debt was 117% of GDP. The war was still rag-
ing. Then, in 1949, the national debt was reduced to 93% of GDP. In 1953, it
was reduced to 71.4%. Under Ike, it went from 71.4% to 55.2%. Then, under
Kennedy, Johnson, Nixon, Ford, and Carter it went from 55.2% to 35.8%. Thus,
Ronald Reagan and the two George Bushes were responsible for significantly ele-
vating the national debt in relation to the GDP. Under them collectively, the na-
tional debt rose 61.4 percentage points. This illustrates that the Republican Party
is not the party of fiscal responsibility. It's campaign platform has been a lie.
Obama walked aboard a sinking ship. American economic history from 1945 to
1980 shows that there is hope. However, if the Trade Balance Deficit doesn't end
now, then it will soon be over for the entity once known as the United States gov-
ernment, even if it decides to become Argentina the Second. Keep in mind that,
during the 40s, 50s, 60s, and 70s, the manufacturing base was in America, and
not in overseas sweatshops. NAFTA, CAFTA, and any other pending AFTA
must be repealed immediately. Foreign trade in itself is NOT the problem. The
problem is trading with a protectionist dictatorship whose workers cannot afford
to buy American products in the same degree that Americans can afford to buy
the products of the protectionist dictatorship. There must be fair exchange be-
tween trading nations.
The U.S. National Debt
To start, Concerning the Debt-to-GDP Ratio, the United States' National Debt
reach 99.25% of United States' Gross Domestic Product in 2011.
Under Jimmy Carter, the debt went to $1 trillion.
Under Ronald Reagan, it was tripled to $3 trillion.
Under George Bush Sr, it crawled to $4.18 trillion.
Under Bill NAFTA Clinton, it went to $5.72 trillion.
Under George Bush Jr, it skyrocketed to $10.62 trillion.
As of October 2014, under Barack Obama, it's $17.8 trillion.
~Atmospheric Science & Weather Event History, ~Environmental Medicine & Synthetic Chemical Issues, ~Economic Justice & Sweatshop Labor Profiteering. ~a military science introduction. ~nature & city skyline photography, along with deep image poetry.
February 5, 2019
Bill Clinton was the one who had fiscal surpluses. Reagan never did.
from Patrick Anthony Pontillo on 2/05/2019
Labels: Clinton Administration, National Debt in relation to Gross Domestic Product, Post War Economy, Reagan Years, trade balance deficit
February 4, 2019
Reagan: Hollywood Commando with a 1932 bookkeeper's aptitude.
|Humanity needs much more than a trickle of the money supply.|
nouncer. He was neither a scholar nor a decorated combat veteran. In fact, he only
graduated with a C average in 1932, from Eureka College. He majored in Sociolo-
gy and Economics, beginning in 1928. This means that he began his college studies
during the Roaring 20's, when it looks as if prosperity has going to continue into the
1930's. Then came the Great Depression, when no one was wise enough to know
that it was en route to America. Thus, Reagan studies during the years when no one
had the answer to the cause of America's worst economic crisis.
Accounting courses during that era was little more than bookkeeping classs, whereas
during the Space Age, ratios, the delineation of costs, formulas, marginal utility curves
comprised accounting. Incidentally, if you majored in Econ, you were required to pass
a couple accounting courses. In as much, America and California elected to executive
posts a man who had the economic prowess of a bookkeeper ... literally.
The General Scorecard on Ronald Reagan
Ronald Reagan is the president who: I] tripled the national debt, II] saw the national
unemployment rate rocket to 10.8% after having signed the first of two major income
tax rate decreases for the wealthiest Americans, III] was granted 18 national debt ceil-
ing increases by the US Congress, IV] signed into law various types of tax increases,
including an elimination of a major COBRA tax deduction. V] froze the minimum
wage throughout his entire presidency.
VI} Reagan caused the creation of the two-income family and the lonely phenomenon
of the latch key kid, due to the financial burden that Reagan let be imposed upon any-
one not counted among the rich. VII] Plus, he funneled weapons to Iran & Nicaragua,
VIII} set the Savings & Loan Crisis into motion by eliminating a major tax deduction
upon which real estate investors depended, IX] opened the door to the Maoist sweat-
shop dictatorship in 1986, only for it, to end up owning over a trillion dollars worth of
U.S. Treasury bonds by the Year 2011.
X] In addition, Reagan signed into law the Tax Equity and Fiscal Responsibility Act
of 1982 —TEFRA—the largest tax increase in the history of the United States, when
combined with 1984 legislation, which was designed to raise $214.1 billion through-
out a 5 year period, reminiscent, in a way, of one of Stalin's Five Year Plans.
XI] Year prior, Reagan signed into California law (as governor) the largest tax increase
in the history of any American state, up to that time. XII] As president, Reagan froze
the minimum wage throughout his entire presidency.
XIII] Reagan, in the spirit of his generation's racism, vetoed the Comprehensive Anti-
Apartheid Act, XIV] In the spirit of Frick, Carnegie, and the union busters of America,
he let the Pittsburgh steel industry go into nonexistence, despite the fact that it was the
Steel Capitol of the World the day Reagan took office. XV] Reagan simultaneously in-
creased the size of the federal government, even though he promised to reduce it, in ele-
vating the number of legislative and executive branch federal employees from 2,860,000
in 1981 to 3,113,000 in 1988. XVI] Under Ronald Reagan, there actually was a decline
in government revenue as a ratio of national income, compared to Jimmy Carter's final
year in office.
XVII] One of the most poignant hypocrisies of Reagan was that he declined to defend
the right of Christians to not be required to desecrate their time-honored Sabbath with
performing unnecessary work under penalty of being fired or not hired, despite the fact
that Reagan presented to the Christian world as the pope of the "Moral Majority."
XVIII] In 1985, for the first time since 1914, the United States became a debtor na-
tion. In fact, it became the top debtor nation in the world, despite the fact that, when
Reagan enter office in 1981, the United States was the top creditor nation on earth.
XIX] Vetoed the Fairness in Broadcasting Act.
XIX] Under Reagan, from 1981 to 1983, the number of Americans living below the
poverty line went from 31,822,000 to 35,303,000. As Reagan left office, there would
be more people living below the poverty line in America than when he entered office.
However, he was hailed as having taken millions out of poverty, when the fact is that
he was the one who originally lodged them there, after his 1981 income tax cut to the
rich ... and the income tax deduct was to the rich only.
XX] Under Reagan, on October 19, 1987, the Stock Markets in America and else-
where crashed, having lost 22.6% of its value in one day. It was called Black Mon-
day at the time. The event was officially identified as the Stock Market Crash, by
the Federal Reserve Board and it is involved both the Dow and the S&P 500 index,
as well as the futures market and options market.
This worldwide historic event proves that the right wing conservative Republicans
lied each time in claiming that there was a recovery under Reagan. Keep in mind
that there was also a Savings & Loan Crisis which began under Reagan's watch.
Black Monday: 25th anniversary of 1987 stock market crash; ABCNews, 2012
Reagan's Leadership, Too, Was Questioned After 1987 Stock Market Drop;
NPR News, 2011
A Brief History of the 1987 Stock Market Crash with a Discussion of the Federal
Reserve Response; issued by the Federal Reserve Board, 2006
Concerning what was called the Reagan Recovery, the University of Virginia's Miller
Center reported how it was dispersed. The rise in personal income did NOT benefit
Americans equally. The report was that the income of the rich rose 9%, the income
of the middle class rose only 1%, and the income of African Americans decreased
8% ... so said the Miller Ctr of the Univ of VA. The Reagan Recovery was merely
the phenomenon of the rich getting richer and the poor getting poorer.
One study revealed that while annual income for American families grew
by 3.5 percent during Reagan's first term, middle-class families saw only
a 1-percent gain, compared to affluent Americans (those in the top quin-
tile of the income bracket) who saw their incomes rise by 9 percent.
In contrast, American families with incomes in the bottom quintile saw
their average incomes decline by 8 percent; black families and house-
holds headed by women were particularly hard hit by declining incomes.
Finally, child poverty increased to levels exceeding those of the mid-1960s.
Miller Center, Univ of Virginia, Charlottesville.
The list of grievances go on and on, including the fact that 138 members of Reagan's
administration were officially investigated, some of whom were indicted, some of
whom were convicted, included those who were pardoned. In fact, in having placed
James Watts as the head of the Department of the Interior, Reagan assigned a fox to
guard a chicken coup.
Reagan's Economic Priority
Reagan's economic priority was that of erasing Taxflation. This is the phenomenon
of inflation eventually resulting in a higher salary, and therefore, a higher income
bracket which erases some of the increased income through tax liability. It's also
referred to a 'tax creep,' as in creeping up the tax brackets. Of course, Reagan's
folly was in disregarding tax deductions, tax credits, and tax incentives which
can erase a person's income tax liability in part or whole.
None the less, in order to prevent taxflation, Reagan lobbied Congress to limit the
income tax brackets to two of them ... one at 28% and one at 15%. The next prior-
ity was that of decreasing inflation which occurred through low interest rates. The
book-keeping on the inflation rate was changed by changing the computation of the
Consumer Price Index. This change made the inflation look like it was steadily
dropping at an impressive rate. The former way of computing the CPI made in-
flation rates look erratic. The former way counted home rental prices, but not
home mortgaging, being that a mortgage is a fixed contract that doesn't change
None the less, under Reagan, the price of gasoline decreased throughout his entire
presidency, when measuring year-by-year and not month-by-month. Of course, they
price was previously far to high and OPEC was retaliating against the Ford and Cart-
er administrations, severely. However, even though the price of gasoline fell during
the Reagan years, the purchasing power of the individual American citizen decreased
during the same Reagan years, thereby causing the same effect as inflation.
Plus, Reagan agreed to items in congressional bills that are considered as
anathema by today's Republican propagandists
This part of Reagan's scorecard is significant in that it shows today's right wing con-
servative Republican mouthpiece to be a complete, and not even partial liar:
To start, in 1975, Democratic senator Russel Long, of Louisiana, succeeded in hav-
ing the Earned Income Tax Credit enacted into law. In was a law fading away, in
terms of impact. Then, Reagan agreed to have it expanded in the 1986 tax reform
bill. Yes, the EITC condemned by the party of greed and sweatshop profiteering
found new life in the Reagan years.
In addition, Reagan signed into law the highest corporate tax increase in American
history. Corporate tax loopholes were closed to the tune of $300 billion 1980 dollars,
while corporate tax liabilities were raised by $120 billion 1980 dollar, for a five year
period. Thus, Reagan saw to the lowered of the tax rates of the individual wealthy.
This means that Reagan lowered his own tax rate. Reagan showed that he didn't
care about America ... only his re-election campaign funds and his own bank ac-
counts. In attacking inflation as he did, he showed that he merely wanted to make
sure that the money he had sitting in financial accounts wouldn't dwindle in value.
Let's do the Apocalypso
If the aforementioned bibliographical references aren't enough for you, the follow-
ing provides firsthand, close-up, expert assessment of Reaganomics, being that it
was written by Reagan's own budget director, David Stockman. David spoke of the
Reagan Reformation as the Deformation. Needless to say, he resigned from the Rea-
gan administration. His main reason was that Reagan was lying to himself, in insist-
ing to adhere to his unfounded Reaganomic beliefs which were deceptively camou-
flaged behind Milton Friedman's Supply Side doctrine. Therefore, Mr. Stockman's
2010 New York Times op-ed (opposing editorial) is titled Four Deformations of the
Apocalypse. The title is a play on the Four Horsemen of the Apocalypse.
To fill in the empty spaces that an op-ed, in its short length creates, the following is
1988 article is in order, and it's brought to you by the Ludwig von Mises Institute.
This is important to note, because Rand Paul, the eye doctor who is NOT a scholar
in economics is heralded as a follower of the Austrian School of Economics, as if
he found a new and improved way to deal with an economy. It's that the Austrian
school omits from its books measurements presented as essential elements of stan-
dardized economic science.
The point to mentioning this is that Rand is now presented as a Reaganomics guru
in the name of the Austrian school of economics. Yet, that school sponsored the
full scale condemnation of Ronald Reagan's legacy. Rand Paul's propagandists
state that Rand studied Austrian economics. But where? He was an eye doctor.
So, where were the Austrian Economics course held?
Anyway, the Ludwig von Mises article about Reagan, written at the end of Reagan's
presidency is titled, The Sad Legacy of Ronald Reagan.
from Patrick Anthony Pontillo on 2/04/2019
Labels: McCarthyism, national debt, sweatshop imports, trade balance deficit, trickle down economics
January 7, 2019
There is NO free market economy where slave-waged imports are involved
Sweatshop importation made America
poorer. This is shown in the United
States International Trade Balance
Deficit. In fact, foreign sweatshop
labor exploitation has been national
If I ever get the time to do so, I'll update the stats on this subject.
In 1986, when the Reagan administration and the U.S. Congress opened trade
with China, the average Chinese wage was 24 cents an hour. By 2010, it was
75 cents an hour, for a Cantonese worker. Today, the wage continues to depend
on the region, and ranges from $1.23 in Guangxi to $2.58 in Beijing, according
to the 2013 law that mandated the Chinese minimum wage to equal to 40% of
the average urban wage. Yet, there are reports, such as one from Business Insid-
er, which mark the average Chinese salary at 80 cents an hour. Thus, we again
have inconsistent reporting.
What is known is that there have been worker suicides, threats of collective
suicides, rioting, protests, and physically demanding living conditions. In
addition, Vietnam, with its low wage rate, has become the new China and/or
Bangladesh. This is because the Chinese nation is beginning to be a "service
economy," as opposed to a "manufacturing economy." None the less, it's im-
portant to note that the the Russian minimum wage is approximately $1.04.
Thus, it is projected to become lower than the Chinese wage, should the 2013
Chinese law be observed. Suicides and rioting caused a drastic change in
Chinese labor policy circa 2010/2011, around the time of the Middle East-
ern revolutions and the worldwide Occupy Wall Street movement which
had no centralized leader.
The minimum wages of other low-waged nations go as follows:
Sierra Leone: 3 cents an hour. Mali where the French intervened: 27 cents.
Mexico: 61 cents. Vietnam: $90 to $128 per month depending upon region.
The Philippines: 61 cents. Pakistan: 51 cents. Afghanistan: 57 cents.
Armenia: 65 cents. Nepal: 45 cents. Nicaragua: 52 cents. Bangladesh:
Monthly wage went from $38 to $66 recently. The Ukraine: 91 cents
Other minimum wages go as follows, per hour:
Australia: $16.88. Luxembourg: $14.24 France: $12.22 Ireland: $11.09
The UK: $10.02. New Zealand: $11.18 The Netherlands: $10.99
Spain: $5.57 Portugal: $4.19 Taiwan: $3.88. Poland: $2.97
End of preliminary notes.
Americans wear clothing made by overseas sweatshop employees. Americans
buy appliances made in sweatshop nations. In almost every American home,
you will find the phrase, Made in China, more often than Made in USA, no mat
ter what be the category of not-very-durable durable good found in an American
Sweatshop people don't have lives. Nor were they given any appreciable identi-
ty. As a result, sweatshop employees would be found with slit wrists, time and
time again. Eventually came the implementation of the suicide net. Americans
hold sweatshop workers in a living death, be these the workers in Bangladesh,
China, Vietnam, Guatemala, El Salvador, etc. Now, some Americans keep these
workers lodged in this state of slavery out of cowardice, while others do so out
of selfish negligence. Yet, others do so out of greed.
Why would anyone want to rule over a humanity that had its humanity stripped
away from itself? Who wants to rule over a society of humans-made-robot or
humans-made-animal ... or even humanity-turned-zombie? The state of the
people ruled is a reflection on the rulers. The makers of ghettos are ghettos
within themselves, no matter how plush be their domiciles and how high be
their bank accounts. Concerning the greed part ...
The United States does NOT make money from importing merchandise made by
low-waged foreign sweatshop workers. It has been constantly losing through this
type of importation. While Communist Chinese merchandise comes to America,
American dollars goes to Maoist China. So too is this the case with other foreign
nations whose workforce can't afford to buy American products and/or services,
in any type of appreciable, two-way, fair trade, economic traffic. No foreign na-
tion pays the United States to take its merchandise. In fact, Chinese Communist
dictators do not even give Americans a commission for selling their merchandise.
America is not making out like a bandit in a business practice which constitutes
a crime against humanity. There is only a small percentage of Americans make
out like bandits, often sending their spoils to overseas tax havens. Meanwhile,
the rest of America finds itself on the losing end of the steadily diminishing cur-
rency flow, in increments. This chronic loss has been in the trillions of dollars.
This is the trickle-away effect.
A flow of American dollars goes into Communist Dictatorial China, as well to
each of the NAFTA nations, never to return to the States, without America find-
ing itself in an increasing state of treasury bond debt to foreign entities. The
money lost in Republican Party Economics is called the U.S. Trade Balance
DEFICIT. The total deficit for the past 10 years has been $5.929 trillion
(2003 to 2012). The accumulative deficit for the
past 20 years (for goods & services) has been $7.988 trillion (1993 to 2012). For goods
only, the 20 yr U.S. International Trade Balance Deficit has been $9.236 trillion.
That's MINUS $9,839,000,000,000.
All gone. Bye bye. No more. Au revoir. Not even a post card. In addition, sweatshop
workers threatened suicide, on account of the harsh conditions in the compounds that
manufacture the products which go to the United States. This means that Americans
have become unconscionable slave drivers by proxy, all the while destroying their own
|This is 1 yi jiao, Chinese Currency, incidentally|
ducts. That is to say, buying foreign is fine, if foreign occasionally buys American, in
return. Thus, fair trade is a necessity, in order for foreign trade not to result in disast-
er for one of the two trading nations. Fair trade requires a reasonably balanced two-
way street of import and export traffic.
Concerning America, Chinese workers would not have been able to have afforded
American products anyway, beyond wheat products, in Equitable Foreign Trade, ev-
en if America had not ceased being a manufacturer of household consumer products
in significant quantities.
Imagine the trade balance deficit money as dollars flowing through a tube into a pro-
tectionist dictatorship or two ... or three. This costs American jobs. In fact, this en-
tirely prevents the creation of many American mid-size business start-ups.
The Economic Downside Effect of
Foreign Slave Labor Profiteering
Foreign slave labor profiteering achieves the following results:
- Increases an offending nation's international trade deficit.
- Reduces the same nation's gross domestic product.
- Deceases the offending nation's per capita income.
At this point, view the United States trade balance deficit through
the past ten years, in its trade of goods (not services) with China,
U.S. IMPORTS U.S. EXPORTS
from sweatshop China to protectionist China
(This is money paid to China) (This is money paid to the U.S.A.)
2013 $440 billion $122 billion
2012 $425 billion $111 billion
2011 $399 billion $104 billion
2010 $365 billion $92 billion
2009 $296 billion $69 billion
2008 $337 billion $69 billion
2007 $321 billion $62 billion
2006 $287 billion $53 billion
2005 $243 billion $41 billion
2004 $196 billion $34 billion
10yr total: $3.309 Trillion $0.757 Trillion
paid to Slave Labor China paid to an acquiescent U.S.A.
The NET equals: MINUS $2,552,000,000,000 - That's only trade with China.
This is goods only.
The Total Deficit, as is charted below, is MINUS $5,929,000,000,000.
This comprises trade with all nations. This comprises goods and services.
The hypocrisy is that trillions of American dollars stayed in the permanent posses-
sion of the Chinese Communist Dictatorship, in the name of Democracy and
Capitalism, as well as Republican Party Values.
Now, view the total 10 yr U.S. trade balance acct, concerning trade with all nations,
from 2003 to 2012:
Concerning GOODS only GOODS and SERVICES
2012 minus $735 billion minus $540 billion
2011 minus $737 billion minus $588 billion
2010 minus $645 billion minus $500 billion
2009 minus $505 billion minus $381 billion
2008 minus $830 billion minus $698 billion
2007 minus $818 billion minus $696 billion
2006 minus $835 billion minus $753 billion
2005 minus $780 billion minus $708 billion
2004 minus $663 billion minus $605 billion
2003 minus $540 billion minus $490 billion
Total: minus $7.088 261 trillion minus $5.929 trillion
Refer to the following link:
In addition, the total/aggregate U.S. Trade Balance Deficit for only the month
of November 2012 rose $6.6 billion, to $48.7 billion (for that one month only.)
This means that the Trade Gap Rate rose by 15.9%. As I have previously stat-
ed, if this Trade Balance Deficit behavior continues, America will be a political
entity in the history books, compared to the Argentina which, at one time, was
regarded a world power.
Thus ends the mystery as to why millions of Americans had the hardest time
finding employment; especially those of a livable wage.
At this point, repeat after me: "That's a lot of sweatshops."
A Crime Committed upon the Parent
is a Crime Committed upon the Child
and Visa Versa
An injustice thrust upon adults is one that is equally forced upon the children of those
adults. Poverty in the home of the parent is poverty in the home of the child. Sweat-
shop labor imposed upon adults is an evil that also assails children.
'Forced to stand for 24 hours, suicide nets, toxin exposure and
explosions': Inside the Chinese factories making iPads for Apple
And it came to pass, as the first decade of the 21st Century progressed, that right
wing conservative business entities saw to it that religious objects and Christmas
ornaments would be made in sweatshops. The people tagged as the hard work-
ing moral majority negated the purpose for the coming of Christ, doing so in the
name of sacred rites. All the while, they made money on interest-bearing instru-
ments and extremely cheap labor, doing absolutely nothing in the process.
And it also came to pass that no Christmas gift was being made at the North Pole
by elves. Rather, they were being made in Chinese and Bangladesh sweatshops by
severely underpaid workers, some of whom applied razor blades to their wrists, in
order to kill the pain that the Reaganite Moral Majority were collectively inflicting
And it furthermore came to pass, as the 21st Century progressed, that millions held
Christianity in contempt, being that millions were deceived into thinking that Ameri-
can Corporate Predatory Greed was the religion of the Nazarene rabbi who was put
to a Roman death shortly after he drove Money Changers from the Jerusalem Temple.
When the Nazarene entered Jerusalem, the Jews placed palm branches before him.
Within a week, the Romans ended up driving nails into him. Today, the right wing
masters of hypocrisy and greed crucify the Nazarene anew.
Humanity then became enlightened as to what the Protestant Work Ethic really is.
It's the incessant practice of using African slaves, Irish Catholic immigrants, East-
ern European immigrants, Chinese sweatshop workers, and similar victims to do
the Protestants' work for them.
In the words of the woman who was once the premier expert in student loan con-
solidation, "Now, that labor's cheap, human life has become cheap." (in the eyes
of right wing moral majority conservatives.) In the Nineteenth Century, the States
that comprised the Confederate South used local chattel slavery to achieve their
hallowed Protestant work ethic. In the 21st Century, the same States and other
ones used Slavery by Proxy, as in foreign sweatshop labor profiteering. It's the
same Jefferson Davis hypocrisy, done in the name of "States' Rights" and the
"Moral Majority" which is neither moral nor a majority.
Historic fact: In the month of August 2011, the Trade Balance Deficit with
China alone, increased by 7.42%, to $29 billion. This is the statistic for one
month of trading, in terms of goods and services. This was a new record at the
time. In as much, China came out on top for the 304th consecutive month, in
its trading with the United States.
Furthermore, the United States has not had a trade balance surplus in trading
with the Chinese Communist Dictatorship since April of 1986. This amounts
to 28 years of money leaking into a dictatorship, by the billions per month.
America is a leaking ship soon to capsize. It is now the Year 2014. The
United States has gone over 335 consecutive months accumulating a trade
balance deficit, in commerce with China.
Here is the irony: In August 2011, corporate greed breaks a new record, to the
detriment of the 90% of the rest of America. The following month began the
showdown with corporate greed, in the form of the worldwide OWS movement.
FoxNews, in a predictable fashion, defamed the surprisingly peaceful people who
elected to assert their First Amendment Rights. All the while, official statistics
prove that the First Amendment people of Zuccotti Park were generally correct.
Greed has been destroying America all along, and sweatshop importation has
been the vehicle doing so.
Now, the most current news (at the time of this writing) is that the monthly
Trade Balance Deficit,, in trading with China, has decreased (narrowed) in
February and March 2013. In fact, the total U.S. Trade Balance Deficit de-
creased. Yet, it was still woefully significant ... detrimental to the US money
supply. In January, the trade deficit in trade with China was $27.8 billion. In
February, it was $23.4 billion lost to the quintessential sweatshop profiteer na-
tion. In March, the amount lost to a China notorious for its civil rights abuses
was $17.8 billion. Money lost to China, in unfair trade practices, for the first
three months of the Year 2014, in goods alone, was $153 billion.
The Laws Against this Type of Profiteering Were
Already on the Books, in United States Federal Law.
It wouldn't have required any courage for any public figure to have stepped
forth and initiate movements designed to end America's complicity with slave
labor profiteering. This is because laws against it are already on United States
law books, as in Section 307 of the 1930 Tariff Act, along with the May 2000
amendment to that act. Both are found in 19 USC 1307. How much does
NAFTA conflict with this?
Despite the Law, Sweatshop Labor
Importation Has Been Rampant
There is a loophole in the 1930 Tariff Act. The law doesn't prohibit the impor-
tation of indentured/slave/convict/forced labor products "which are not mined,
produced, or manufactured in such quantities in the United States as to meet the
consumptive demands of the United States." In addition, there are recent trade
agreements that don't require the enforcement of morally needed international
labor laws. This means that foreign workers stand in direct jeopardy of being
brutally abused, due to no present legal recourse, short of the Nuremberg case
law authority. Plus, there is the allegation that the 1930 Tariff Act is not being
The evidence is publicly evident. Sweatshop labor, forced labor, and plantation
labor is rampant throughout the modern world in general. So, is the use of min-
ors as combat soldiers. Many products made by laborers defrauded of their
wages have been entering American docks and airports for years. It's equi-
valent to receiving stolen property on a grand scale. It has robbed America
of its money supply.
A 2007 National Labor Committee Report on Sweatshop Crucifixes
A 2007 New York Sun Report on Sweatshop Christmas Ornaments
A 2007 News Report Issued by Reuters India on the Christmas Ornaments
Additional Reading Material of Related Topics Includes:
A 2010 MWC News Article Reporting on the
Findings of the National Labor Committee
A 2011 News Article Reporting Disney Factory Sweatshop Suicides
A 2011 News Article Reporting 8 Cent Per Unit Pay for NFL Shirts
Sold at $25 per Shirt: This Translates into 72 to 92 Cents an Hour
A 2012 News Article Reporting on Apple Iphones Being Made by
the Under-aged, in 16 Hour Daily Shifts, at 70 Cents an Hour
A Sweatshop Table of Contents of multiple reports
When You Liberate Others, You Liberate Yourself
A properly paid foreign worker has a way of increasing product demand for
Amercan products, even from a third party nation. For example, properly paid
Chinese workers might only buy from Europe. Increased European revenue
might result in Europe importing more from America, thereby bringing add-
ed income to America. Such a thing puts American workers back to work,
assuming that the level of manufacturing will increase in the United States,
so that workers will be in demand. Such a thing can also enable mid-sized
entrepreneurs to either compete in smaller scaled markets or more easily en-
ter the ranks of subcontractor, simply by virtue of increased demand.
Slave Labor Profiteering is Even an Injustice
to the Citizenry of the Nation that Engages in it
Foreign slave labor profiteering results in unfair advantages over the citizens
of the nation that practices it. This is because those who profit from foreign
slave labor steal economic power from the multitudes, and in the process, they
steal multiple advantages from their fellow countrymen. That is to say, they
cheat in order to get their standing in life, and that is unfair to everyone else.
After all, the average entrepreneur cannot compete with the low wage advan-
tage that these corporations use for their selfish gain, at the expense of the
US Trade Balance Account and the Gross Domestic Product, as well as the
per capita income. Foreign slave labor profiteering, therefore, is even an
act of violence committed against an offending nation's own citizenry.
A Coast to Coast Crime
If you deny that you are part of this practice, simply go into your closet and
read the labels on your clothing. Then go into your kitchen and read the la-
bels on your appliances. Go next throughout your house, your place of work,
and elsewhere, reading the labels on the newer merchandise. If you have any
merchandise from a sweatshop, then the practice of slave labor profiteering
has reached your life.
In addition, if you work for a sweatshop profiteering corporation, you're in-
volved. You are an accessory to the fact. This includes what you find un-
der your Christmas tree.
from Patrick Anthony Pontillo on 1/07/2019
Labels: sweatshop imports, trade balance deficit
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