On the recordMay 15, 2007
Concerning the debt, it is very important that we point out, Mr. Ross, that the fastest growing area in our budget is the interest that we are paying on this debt, which is more than what we are spending combined for education, the environment and for veterans affairs. As we segue that into our international situation, when you look at the debt that we have gotten into as a result of the carelessness and the ineffective, inefficient foreign policy as it relates to our debt; for example, under this President and under this previous Republican-controlled Congress, this country has borrowed more money from foreign governments than all of the preceding past Presidents have done since 1789, since the foundation of this country. It has placed us in a very perilous position. And we are fighting this war in Iraq and Afghanistan on borrowed money that our children will have to pay back and the children of our soldiers will have to pay back.
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