Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
I remember, right after Hezbollah launched its rocket attacks on Israel, I said: This is a clarifying moment; this is a chance for the world to see the threats of the 21st century, the challenge we face.