On the recordMarch 9, 1995
the value of the dollar is so low, the dollar could walk underneath a closed door with a top hat on. And it is not really all that cerebral. The problem in America is a trade deficit and Congress has the blinders on. For the last 15 years we have had trillions of dollars floating around overseas. The supply is so great, the dollar is not in demand, and the dollar is dropping. It is the trade deficit, Congress. Not budget deficits. We cannot separate the two. And to tell my colleagues the truth, we have a trade program that is so misdirected, if we threw it at the ground it would probably miss. We will not balance the budget, Congress, with minimum wage jobs and highly skilled American workers in unemployment lines. Think about that. I think the whole country is saying, ``Beam me up.'' Congress, get at that trade deficit and we will solve the budget deficits in America.
Source
govinfo.gov
