I ran across your post while purging my junk email and see you are still posting nonsense. Perhaps you should change the source of where your research on economics takes place. Inflating wages, cost of living, debt, government spending, etc., while it may result in an immediate living standard improvement, has consequences. Taking into account the 'facts' that trade is international and many developing nations we are facing competition with are beginning with a much lower cost of living, government and individual debt, and much lower wages needed to provide the basics of comfortable life; large corporations are faced with a choice of becoming the employer in those nations or cease to exist if they retain their operations where their costs far exceed that of a foreign competitor. Even so, most of their products remain priced beyond what most can or would be willing to pay where their operations exist abroad but result in lower costs which allow higher sales in more developed nations. As such their businesses don't create an unemployment problem in the nations they move to, but instead result in higher wages than would otherwise be found and more consumption of local products, lifting the poorest who often are self employed with little government regulations. Where I currently live, no business licenses are needed, no sales taxes are collected except at large businesses, no property taxes and few pay income or other taxes unless they have a bank account where taxes are automatically taken from the interest payment. With a 2% inflation rate my neighbors earning what is considered the minimum wage here would see their cost of living increase by $44 a year while someone earning the minimum wage in the U.S. would be looking at a $302 increase. In other words the cost of living here would increase by about $0.15 per day while in the U.S. the minimum wage earner would see an increase of about $1.15 per day. Wages here are paid at a per day rate, not per hour for the majority of workers who are not working for a large or foreign business. And small home run businesses can easily compete with large businesses in areas. Many of the products I buy are produced by individual or family run businesses. I can buy bread at a 7/11 or other chain far from home for about $1.15 a loaf or from a home run business at $0.34 a loaf. I can get a decent meal for $0.60 to $1.40, and not worry about being poisoned. Here, people NOT government help one another, and occasionally an individual or family will move in and be found unwilling to help themselves resulting in their leaving. Actually that's only happened twice over the last few decades. Small societies usually are much more efficiently governed from within as the people who comprise them make an effort to reach compromises when disagreements arise. The same holds true for adjacent societies. I don't believe a balanced budget is likely to occur in the U.S. as long as voters and elected politicians continue to make an effort to create greater 'equality' where none exists.