Economy, Finance, and Trade
The U.S. federal government cannot continue to spend more than it receives, and the recent levels of deficit spending are no longer acceptable because it endangers the future of our country and subsequent generations. In addition to returning to this fiscal responsibility, the U.S. economic system must be rebuilt upon a foundation of economic freedom, empowering its citizens to fully participate in the labor market while increasing real wages, lowering taxes, and ensuring the quality of life for its ordinary citizens.
Trade policy must recognize that free trade and equitable trade are not the same. Any and all trade agreements must be mutually beneficial to the United States and the vast majority of its citizens, not just to the upper classes of our society (e.g. Wall St. bankers, tech tycoons, and lawyers that marry wealthy women). Trade agreements must not undermine the sovereignty of the United States or entangle us in immigration agreements or policies that turn the U.S. into a dumping ground for cheap foreign labor (e.g. Trans-Pacific Partnership) which decreases wages and reduces the size and financial health of the American middle class. The U.S. worker remains the gold standard in productivity, and any policies that undercut American workers must be rejected, including those that discriminate against the blue collar worker in favor of white collar only jobs. The United States should disengage with China as a trading and economic partner immediately.
Therefore, the federal government should enact fiscal, immigration and regulatory policies that are based upon the following principles:
- 1. The federal government should not spend more than it receives, except in the cases of true national emergencies (e.g. war).
- 2. Economic growth should be focused on ensuring the quality of life for every U.S. citizen and the general wellbeing of the American worker.
- 3. Wage growth for middle and lower class Americans should be the primary economic policy goal via restricting competition from illegal immigration and foreign STEM workers. The primary goal of American economic policy should not be to increase the supply of cheap labor as much as possible in order to increase the wealth of corporate executives.
- 4. Trade that greatly benefits strategic adversaries (e.g. China) should be reduced wherever possible until those nations adopt non-aggressive policies toward the U.S. and non-colonial stances toward developing nations that are replete with natural resources.
- 5. Trade agreements must have at least equal benefit to the vast majority of American citizens as it does for the wealthy class and other nations.