He bankrupted every company that he was ever in charge of, and gave you a record deficit from a surplus when he came in...
Now he's Bankrupting the USA's Current Account...
Speaking at the European Banking Congress in Frankfurt, Greenspan acknowledged that the U.S. couldn't count on the world's munificence forever. Thank to the U.S. consumer's appetite to buy exports with borrowed funds and the government's inability to balance its budget, the country is running up a record current account deficit. Foreign investors are plugging the gap to the tune of $2.6 billion a day.
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