Political Quotes

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…

On the recordFebruary 4, 2004
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.
Said by
Tom Harkin
Democratic · Iowa

Editor's note · Context

Discussing U.S. reliance on foreign countries for financing through bond purchases.

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