On the recordJuly 20, 2004
This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.
Said by
Paul S. Sarbanes
Source
congress.govEditor's note · Context
Discussing the unsustainable nature of the current account deficit.
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More from Paul S. Sarbanes
Jan 18, 2005
Well, it's not very private counsel when you go on the national media shows, appear publicly, and answer questions in that forum.
May 19, 2004
In my view, this is a very shortsighted approach, both as a matter of policy and negotiating tactics.