Witnessing the fall of the American empire

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http://www.mydesert.com/article/20100617/OPINION02/6160385/1132/news01/Witnessing+the+fall+of+the+American+empire
 
Yes, we run the world's best universities, staffed by the smartest immigrants India and China have to offer.
 
All the scientists and engineers are foreigners from India, China, and the middle east.
 
1. Increasing taxes on business often does nrabroad
result in increased tax revenue.
2. It would nrabroad
encourage opening manufacturing factories back in the US unless the tariffs were ridiculously high, in which case many businesses would go bankrupt and those that survived would have to raise the prices of their products substantially, the net result being higher unemployment coupled with higher prices on consumer goods. That what you're looking for?
3. $80 vs $70 doesn't sound like a lrabroad
more money to pay, until you remember that prices would increase similarly on nearly every product you buy (nrabroad
just shoes and ipods) since almost every company does some of all of their manufacturing in Asia (Apple and Nike were just good examples, obviously).

No, I'm nrabroad
comfortable with China holding massive amounts of US debt. But the answer is nrabroad
tariffs and increased regulation of businesses. It's dramatically lowered federal spending.
 
As a percentage of all foreign owned US debt, China does nrabroad
own a massive amount. Depending on your source, they are about tied with Japan and neither have more than around 20-22% debt.
 
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