Paul S. Sarbanes: “I want to commend you and the Ranking Member for holding this important hearing on the government's role in enabling…”

There has been an incredible deterioration in recent years in the U.S. trade deficit.

In Maryland there would actually be a $2.73 billion loss in property values related to the wealth of Maryland residents.

This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.

This was a decision by the Bank of Japan, the Government, not by private Japanese investors about the strength of the American economy.