On the recordJanuary 18, 2005
I mean, something's wrong with the set of policies we're pursuing, it seems to me, if we're going to have the kind of erosion in the trade balance that we have seen.
Said by
Paul S. Sarbanes
I mean, something's wrong with the set of policies we're pursuing, it seems to me, if we're going to have the kind of erosion in the trade balance that we have seen.
Commenting on the worsening trade balance and policy issues.
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More from Paul S. Sarbanes
This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.
I find this troubling. I guess I find any chart that all of a sudden seems to leap out in some different direction from what we have generally been experiencing a matter of concern.
These men and women play an important role in our defense, obviously, and the view that a number of these practices are directed at them in a whole range of ways, I think is a matter for the considerable concern.
Yes. They have built up these currency reserves, very strong positions. And we owe it. We owe it.