Austin Scott: “And finally, Mr. Ross, we must begin to search and use our creativity to develop a way to put a curb, a ceiling, some…”

“And finally, Mr. Ross, we must begin to search and use our creativity to develop a way to put a curb, a ceiling, some restraint on how much we can borrow from foreign governments. If there is one danger down the road that this country faces, history proves me out, the bleached bones of civilization that go far back of civilizations that waited too late to curb their borrowing from foreign countries. You look at so many of these great civilizations that have gone and nations, wars that happened. What happens if China over there just all of a sudden wants to sell our paper to another competing economy? When you have so much of your wealth, so much of your financial security in the hands of other countries who do not have your best interest at heart, we are asking for trouble. So that is why I say, finally, we must put a curb on how much money we can borrow and get in debt from these foreign governments.”