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
This deficit requires us Americans to borrow about $2 billion from foreigners every working day. No expert I know believes that this is sustainable.
Discussing the unsustainable nature of the current account deficit.
Share
More from Paul S. Sarbanes
In my view, a Secretary who forges meaningful partnerships to foster peace or reduce global poverty and hunger, promote democratic values, and address emerging threats can set our country on a course to greater security and prosperity.
Warren Buffett has warned us that derivatives are time bombs, both for the parties that deal in them and the economic system.