“I believe that we should allow younger workers to contribute toward a personal account that they own, as long as it is coupled with deficit reduction measures that enhance the long-term condition of Social Security.” ShouldBelieveLongI BelieveSocialTermConditionsSecurityAccountsWorkersLong TermSocial SecurityDeficitReduction Author:Cliff Stearns
“The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.” StatesUnitedUnited StatesBalanceAccountsTradeCurrentsUsualItemsDeficitPayment Author:Robert C. Solomon
“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.” PeopleFeelsHas BeensDoneBitsBlackResultsEconomyToo MuchAccountsGood ThingsInvestmentCurrentsDecadesIncomeSavingMassiveRacingMondayInflationDeficitRecessionsBorrowingAftermathToo Much Of A Good Thing Author:Nigel Lawson
“With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.” RealPossibilitySkillsAccountsPressureManagementCrisisCurrentsOilUncertaintyTestedDeficitCrisis ManagementManagement Skills Author:Lawrence Summers
“Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.” TodayValuesSocialGrowingSecurityCreatingAccountsStressTradeObligationCurrencySocial SecurityDeficitMedicaid Author:George Noory
“Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.” EndsMightRunningKindnessDependsAccountsCurrentsStrangerEmpiresDeficitAmerican Empire Author:Nouriel Roubini