[Congressional Record (Bound Edition), Volume 149 (2003), Part 6]
[House]
[Page 8063]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           THE TRADE DEFICIT

  (Mr. DUNCAN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DUNCAN. Mr. Speaker, our trade deficit reached an astounding 
figure of over $400 billion last year. This means we are still losing 
millions of jobs to other countries. Now in today's Washington Post, 
there are headlines saying ``White Collar Work a Booming U.S. Export'' 
and ``More White Collar Work being Shipped Overseas.''
  According to this story, one study says by 2015, 3 million white 
collar jobs and $140 billion in wages will have shifted from the U.S. 
to other nations. Another headline in today's Post says ``U.S. 
Manufacturers Cut Back in March.''
  The disciples of high tech told us not to worry about losing factory 
jobs, but now we are losing these economy jobs to China, India, and 
elsewhere. Is it any wonder that college graduates cannot find good 
jobs and are going to graduate school while working as waiters and 
waitresses?
  We need to start putting U.S. workers first and end trade agreements 
and government regulations that force more jobs to other countries. If 
we do not, Mr. Speaker, the standard of living for most Americans is 
going to go down, down, down.

                          ____________________