It's low inflation - not no inflation...No inflation would mean our economy isn't growing at all - and that's bad.
As long as Americans shop at WAL-MART, i.e. China's warehouse, jobs will continue to be lost at U.S. facilities that once made what WM now buys from China.
Regarding term limits, we already have that - it's called voting. When less than 70% of registered voters bother to vote, it's easy to see how pols can/do make it a career. The other problem we have is something called gerrymandering, which all but guarantees a pol he/she is in a "safe to win" District.
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