Political Quotes

Bill Delahunt: “If you think about it in terms of individuals and then extrapolate to nations, it is really easy to understand. We are…”

On the recordNovember 3, 2005
If you think about it in terms of individuals and then extrapolate to nations, it is really easy to understand. We are borrowing a trillion dollars. Let us say we are borrowing, just for the sake of discussion purposes, half of that from the Chinese Central Bank, the Communist Central Chinese Bank. As you indicate, they are educating some 600,000 engineers. How do they pay for that? Well, you know how they paid for part of it? The American taxpayer, Mr. Speaker. When they pay the interest on the debt to the Chinese, that allows the Chinese to fund the education of some 600,000 students in technical schools in China.
Said by
Bill Delahunt
Massachusetts
Source
govinfo.gov

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