It is certainly something to worry about. Continuing to attract funds when the current account deficit is that large and continuing to rise is bound to become a serious problem.
"Martin Stuart" ""Marty"" "Feldstein" is an American economics/economist. He is currently the George Fisher Baker/George F. Baker Professor of Economics at Harvard University, and the president emeritus of the National Bureau of Economic Research (NBER). He served as President and Chief Executive Officer of the NBER from 1978 through 2008. From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan (where his deficit hawk views clashed with Presidency of Ronald Reagan/Reagan administration economic policies). He has also been a member of the Washington-based financial advisory body the Group of Thirty since 2003.If you enjoy these quotes, be sure to check out other famous economists! More Martin Feldstein on Wikipedia.
U.S. imports have contributed to the growth of output and employment in many countries around the world.