The US financial position is rapidly deteriorating, due mainly to America's persistent and growing trade deficit. US ambitions to run the world, in other words, are heavily mortgaged. Like any debtor who borrows more year after year with no plausible way to reverse the trend, a nation sinking deeper into debt enters into an adverse power relationship with its creditors -- greater and greater dependency.
More Quotes from William Greider:
If one benefits tangibly from the exploitation of others who are weak, is one morally implicated in their predicament Or are basic rights of human existence confined to the civilized societies that are wealthy enough to afford them Our values are defined by what we will tolerate when it is done to others.William Greider
The Democrats should concentrate instead on how to spend money - lots of it - in smart, socially useful ways that help struggling wage earners.
William Greider
The burnt odor in Washington is from the disintegrating authority of the governing classes.
William Greider
If you think about it, Washington's overwhelming power in the world is founded on death, the awesome arsenal for killing people.
William Greider
The economy is not governed with the bottom half in mind.
William Greider
Children born today have a fifty-fifty chance of living to 100.
William Greider
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Based on Topics: Debts Quotes, World QuotesBased on Keywords: borrows, mortgaged
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