Loading ...I just read the whole thing re link. The whole damn country is broke. What’s with all the financial writers these days that constantly describe all the bad results of “not enough money” all the time?
They describe things that just make us angry, but NEVER EVER tell anybody what happened how and why it happened? Are they just plain dumb?
Have they been sleeping the past 50 years? Or are they restricted or banned from telling the truth, and informing people? They always direct blame in the wrong direction. Bottom line:
The USA hapless consumers have been SPENDING ten times more MONEY on imports than it receives oselling exports. It’s like tuning up your car but its got a leaky gas tank. Or its like a small leak can sink a big boat.
All tax payer jobs were exported, and all the tax absorber jobs were INCREASED to cover the losses. It means higher taxes, and harder ability to pay them.
Illinois was not at fault for anything. This idiotic country exports $100 worth food fuel aircraft etc all the good stuff, and IMPORTS $1000 worth of crap we don’t really need, and we can make ourselves, like plastic toys, coffee mugs, hand tools. Producing a product is like legal counterfeiting of money. China et al out prints the USA. The USA under prints, and spends it on imports.
The financial writers are as dumb as a stump, or love the imported products they own and drive.