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
Yes. They have built up these currency reserves, very strong positions. And we owe it. We owe it.
This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.