On the recordMarch 28, 2006
Just to add to that point, just to add to that, in addition to all of what you just said, when you add the fact that this country is borrowing $2 billion every day from foreign governments, just to finance our trade deficits, we have just been talking about the budget deficits. But when you turn and you add our trade deficits to that, and Mr. Ross, again, a point that came out of my agriculture hearing just today in Valdosta, Georgia, was the point that now for the first time, just 10 years ago, the United States, on our agriculture we controlled or held 17 percent of all of the world's exports on agriculture products. Now, do you know that that is down to less than 10 percent? And the fact of the matter is, we are now exporting more of our foodstuffs into this country than we are exporting out. This is not good for our national security, for this country, not only depending upon our finances from abroad; but, good Lord, if we get to the point where we are depending on our food from abroad, we are in serious trouble.
Source
govinfo.gov




