Austin Scott: “The very future of our country is at stake. In this past winter's meeting when we were at NATO, word came out that a…”

“The very future of our country is at stake. In this past winter's meeting when we were at NATO, word came out that a Chinese lawmaker, and incidentally, we are borrowing $500 billion from the Chinese, he stands up and he says I think we ought to now start buying euros instead of dollars, and the stock market plunged 300 points. That is what I am talking about in terms of our own national security, the threat that we have if we do not take care of this debt, particularly in the hands of foreign countries. The other point is in Russia, for example, it is tied into our failure to deal with this debt, it is tied into our energy dependence. And $46 billion of our debt is in the hands of Russia whom we are having a difficult time with.”