Balancing our national budget is a proper goal, but it alone will not solve our economic problems.
It creates no jobs; rather, jobs disappear as state and city governments operate on less revenue and businesses downsize to remain competitive.
Another reality: an economy based primarily on consumer spending cannot survive. No jobs, no spending.
What nations have money to lend?
Nations that are doing a lot of manufacturing.
Following World War II, 50 percent of the world’s manufacturing came from the U.S.