How Scary Is the Deficit?
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The American labor movement has basically concentrated on domestic issues--with the notable exception of its vigorous efforts to further the cause of human rights, free trade unionism and political democracy throughout the world. This focus on the United States has been the result of both the sheer size of the American economy and work force and the specific circumstances which gave rise to the rapid growth of the labor movement in the 1930s.
The persistent deficit in the United States' balance of international payments and the continuing loss of gold have led to increasing discussion of national policies relating to gold and the dollar. While the issues involved are quite technical and complex, they are important to the future of the nation and the world. Broader understanding of the forces impinging on the nation's balance of payments is essential if the United States is to react properly to the changes in its role in the world economy.
Although few U.S. politicians will admit it, antidumping policy has strayed far from its original purpose of guarding against predatory foreign firms. It is now little more than an excuse for a few powerful industries to shield themselves from competition -- at great cost to both American consumers and American business.

Comments
The Deficit will Dim this Nation's Future
With the rise of China, our creditor, and India, the taker of our best jobs, such as, a good portion of IBM; we are headed downward. Rostow, I believe, coined the term of a revolution of rising expectations for emerging nations. I used it once in reference to Iran and the Shah, but now it will impact the hopse and aspirations of our young. Perhaps, science, technology, engineering, and math will catch on in this nation, but it may be too late. The Indian Ocean and indeed, the Pacific Ocean may be China's lake, as well, with our naval decline.
The Deficit will Dim this Nation's Future
With the rise of China, our creditor, and India, the taker of our best jobs, such as, a good portion of IBM; we are headed downward. Rostow, I believe, coined the term of a revolution of rising expectations for emerging nations. I used it once in reference to Iran and the Shah, but now it will impact the hopse and aspirations of our young. Perhaps, science, technology, engineering, and math will catch on in this nation, but it may be too late. The Indian Ocean and indeed, the Pacific Ocean may be China's lake, as well, with our naval decline.