We are not going to balance it. But I tell you what they are doing. Effectively, they are going hat in hand to the Chinese, and they are saying, Please loan us some money. The Chinese will buy our bonds. Japan is buying our bonds. I think Japan now is the single largest owner of bonds. I think China is No. 2, if I am not mistaken.
Tom Harkin: “We are not going to balance it. But I tell you what they are doing. Effectively, they are going hat in hand to the…”
Editor's note · Context
Discussing U.S. reliance on foreign countries for financing through bond purchases.
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