Our U.S. national debt is headed toward $19 trillion dollars, while China has extra money instead. We need to be allowed to produce and export instead of propping our dollar unnaturally high. Otherwise, there will be no revenues at all.
If we lower the dollar we’ll have to pay more interest on the loans to finance that debt. Which would require higher taxes which would make our products uncompetitive.
The only way to support our huge welfare state now would be to use our military before it evaporates to enslave England or Brazil, or both.