We've become a debtor nation. I don't mean just on fixed-loan terms, but we own increasingly less abroad than is owned from abroad here.
Our country has tremendous problems. We're a debtor nation.
On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.
America has tremendous problems. We're a debtor nation. We're a serious debtor nation. And we have a country that needs new roads, new tunnels, new bridges, new airports, new schools, new hospitals.
We sell our sovereignty down the river when we become a debtor nation.
That is what has happened to the United States in the international economic scene. We have deteriorated into a debtor status so that we are now dependent upon the kindness of strangers. That is not where the world's leading power should find itself.
I think that we are not in the position that we used to be. I think we were a very powerful, very wealthy country. And we're a poor country now. We're a debtor nation.
We are a debtor nation, and we owe now $19 trillion and it's going to go up very fast by the way from this point.
The United States appears to be a debtor nation in perpetuity.
We are a debtor nation, our airports are third world, our highways are falling apart. Our roads, our bridges, everything, we're like third world.
The world's largest debtor is a distinction of sorts, but not the one we like having.
