"In fact, our monthly trade deficit figure is so huge it equals the entire annual budget of our Department of Veterans Affairs. Veterans fought to make us free from foreign tyranny, but the new tyranny is taking a different form"
About this Quote
This quote by Marcy Kaptur is a powerful declaration about the existing state of the US economy. She is highlighting the fact that the United States has a big trade deficit, which is the difference between the value of goods and services imported and exported. This deficit is so large that it is equal to the whole yearly budget of the Department of Veterans Affairs, which is responsible for offering services to veterans. Kaptur is making the point that while veterans fought to make the US devoid of foreign tyranny, the US is now dealing with a various type of tyranny in the kind of a big trade deficit. This quote works as a suggestion that the United States requires to take steps to lower its trade deficit in order to ensure financial stability and prosperity.
More details
About the Author