Manufacturing in the U.S. is not dead, it has a future, but he again tool itself and adjust some internal policies surrounding executive pay, pensions and health care in the competition.
To solve the budget deficit and national debt, we should not necessarily raise taxes, but we need to close tax loopholes, first (which is more than $ 1 trillion in lost revenue each year), then If this is not enough, cut some expenses.But keep in mind that the cuts are: 1) not a good idea during an economic recovery since spending is what drives the economy and promotes recovery, and 2) the political landmine when our biggest expenses to protect us (DOD), keep seniors in good health (Medicare), and keep the elderly from poverty (social security). Only after all that turned out not enough, should we consider raising taxes.