Political Quotes

Chris Murphy: Mr. Ryan, one of the most perplexing bars on that graph is the amount of money that we have borrowed from OPEC nations.…

On the recordJune 20, 2007
Mr. Ryan, one of the most perplexing bars on that graph is the amount of money that we have borrowed from OPEC nations. You want to talk about why we can't stand across the table from the countries that are pillaging American consumers with these ridiculously, monstrously high gas prices? Guess what? We can't sit across and be an honest broker from them because they hold the mortgage to this country. The same can be said of the Chinese and the same can be said of European nations. We have lost so much of our ability to sit and be an honest broker in negotiations over energy policy and foreign policy, because they own our currency. They hold all of our debt. So beyond how terrible this is for the American taxpayers, it is also terrible for the American foreign relations. It has to stop.
Said by
Chris Murphy
Democratic · Connecticut

Editor's note · Context

Discussing the impact of foreign debt on U.S. energy policy and foreign relations.

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