But because we in the United States finance our current account deficit by borrowing in our own currency we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
To finance this trade deficit the U.S. has to borrow from the rest of the world or sell American assets like stocks businesses and real estate to the rest of the world.
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And I think it's a prudent responsible way given the scale of the emergency the scale of the damage still facing America that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.
