On the recordMay 3, 2006
That is a $10 billion bill. And we do not have the money, Mr. Speaker, to do that. We do not have the revenue to do it. We have to go into the financial markets and borrow that money. And this administration has established another record which is that more than 80 percent of the money that we have borrowed comes from overseas, Mr. Speaker, from the Chinese, from OPEC nations. And you have the chart right there, Mr. Meek. So we go and we borrow the money from foreign central banks, from foreign investors, to buy off the American voter at $100 per, because the American people are angry as a result of the Republican energy policy that has created a potential disaster for our economy. {time} 2345
Source
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