On the recordApril 21, 2004
In a 4-year period, we went from being the world's largest creditor Nation to being the world's largest debtor Nation. I saw a fascinating editorial that said, gee, is that not great? Look how credit-worthy we are. I related that to my family. I said, gee, if last year I had $10,000 and this year I owe $10,000, I am having some trouble figuring out that I am better this year than I was last year. That is what this editorial was saying: Is it not nice that we are so credit-worthy that we now are the world's largest debtor Nation? We in 4 years, we went from the world's largest creditor Nation to the world's largest debtor Nation.
Source
govinfo.gov
