As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade.
quote by Jo Ann Emerson
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Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.
quote by Martin Feldstein
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America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
quote by Jo Ann Emerson
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We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.
quote by Xavier Becerra
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That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.
quote by Marcy Kaptur
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With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.
quote by Jo Ann Emerson
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The more competitive value of the dollar turned around the trade deficit.
quote by Martin Feldstein
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The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
quote by John W. Snow
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The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.
quote by Martin Feldstein
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To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.
quote by Martin Feldstein
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Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.
quote by David Korten
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I am a firm believer in free but fair trade. However the United States should not be on the losing end of trade agreements that are not enforced. It is time that we make China play fairly.
quote by Elizabeth Dole
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All those trucks and barges that carry our goods to port are vital connections to the only force which can balance our trade deficit: export. We must keep doing what we do best if we are going to get America out of the red.
quote by Jo Ann Emerson
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The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
We are worried about the size of the deficit, which is why the president is pleased that the House and Senate have followed his lead in cutting the deficit in half over the next five years.
quote by Ken Mehlman
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Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.
quote by Martin Feldstein
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Global Deficit
There is a global climbing,
Economic deficit.
And those hungry and homeless,
Had nothing to do with it.
Their lives have been shattered and torn,
With little concern...
To correct this and get their lives fixed.
There is a global climbing,
Economic deficit.
With few blaming the greedy...
Or the thieves employed,
That caused all of it.
Where is this heading?
As divisions of conflicts split?
Only more distrust becomes the experience.
And that seems to be the greatest effectiveness,
Of this...
Global deficit!
poem by Lawrence S. Pertillar
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Principles Of Trade
principle of trade
that which is in common supply
plentiful is worth less
principle of trade
that which is in gross over supply
extremely market over abundant
in excess maybe or is worthless
therefore sail to China
buy sell trade
fortunes there
to be risk made
find new
expansive markets
the common abundant
is worth less
the rare exceptional
infinitely more
yet great masters
of imagination in lands
of trade commerce
many remain poor
an artist of account
must tap vein supply
demand stamp coins
of silver screen desire
poem by Terence George Craddock
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America knows it has got to deal with its deficit problems so that it, too, can promise it is making its proper and best contributions to the world economy.
quote by Gordon Brown
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The only justification for repressive institutions is material and cultural deficit. But such institutions, at certain stages of history, perpetuate and produce such a deficit, and even threaten human survival.
quote by Noam Chomsky
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We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.
quote by Rick Perry
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