March 16, 2004

Greenspan Shifts View on Deficits

Greenspan Shifts View on Deficits

Greenspan may be right, but I'm concerned that our foreign debt and the dollar's decline, along with the trade imbalance, particularly with China could be our undoing. I think the piper must be paid. I hope it's a reasonable, not exorbitant sum.

Our position in the world and its economy is declining, long term.

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