John Chandler: “The $50 trillion figure comes directly from this administration. What is unfortunate is that this administration has…”

“The $50 trillion figure comes directly from this administration. What is unfortunate is that this administration has been a large part of the reason that the debt is that high. It is terribly unfortunate. One figure that I saw not too long ago, and you talked about it a little earlier, about our interrelatedness to China, well, we have that connection with many countries all over the world in one way or another, but the number that troubles me is the fact that the Bush administration has borrowed more money from foreign governments in the 6 years that this administration has been in office than all 42 previous administrations combined. Now, Mr. Scott, I don't know about you, but that is one of the more astonishing figures that I have been privy to since I have been in the United States Congress. I am shocked about that. What I hope we can accomplish as we go forward, and certainly in the effort that we are making tonight, is bring to light a little bit to the American people what kind of financial situation we have in this country and that we have got to get our act together. It is high time that we behave accountably to the American people, that we hold this administration accountable for how they have spent the money. That is what the Blue Dogs want to do. That is why I am proud to be a Blue Dog and proud to be here tonight.”