What do these mammoth and mounting deficits mean? A deepening dependence on foreign nations for the necessities of our national life. A steady erosion of our manufacturing base. A continued stagnation in the real wages of the middle class. And an unending redistribution of America’s wealth to foreign lands.
With their union dues no longer taken out of their paychecks, tens of thousands of Wisconsin public employees refused to pony up those dues and quit their union, instead. What does this tell us?
The thought is tempting and rather appealing, the imagination runs pleasingly wild.
Here is a major cause of the economic malaise of the 21st century, a condition over which a president has little control. A shrinking share of our population is carrying an ever-expanding army of dependents.