F. George McDuffee wrote

Major contributing factor is the lack of contribution to the
US Social Security fund by manufacturing labor for products
consumed in the US because of off-shore sourcing.

Mindless stuff. Thats been a tiny part
of the workforce for decades now.

This is another of the "off the books" costs that make
the initial cost cheap import goods so expensive in total.

Pig ignorant lie.

Even worse --- because the employees and employers both
pay about 7% of wages up to some cutoff point, when some
company announces they "saved" a billion dollars in labor
costs, that's 140 million that the Social Security Trust Fund
*WON'T* get, even if the jobs stay in the US.

Yawn with an unemployment rate of 5%

They're just working somewhere else instead.

The SSTA loss will be lower but still substantial if the company
is including fringe benefits, etc. in their projected "savings." This
is in addition to the losses due to off-shore labor produced goods.

Pity they STILL have jobs somewhere else with an unemployment rate of 5%

The loss of overtime pay also appears to have had an impact.

Only when viewed thru your mindless blinkers.

USA is now projected to be the "Argentina" of the north in 2035

Only by mindless fools like you.

because of its uncontrolled federal budget

It wont stay at current rates till then, stupid.

Iraq aint gunna last that long, and even W wont
be stupid enough to do another any time soon.

and current account trade deficits.

The Federal debt has long been dismissed as a
major problem because "we owe it to ourselves."
Latest data shows this is no longer the case.

More utterly mindless silly stuff.