W. Todd Akin: “This gives a little bit of a sense of progress on a 20-year increment. This is 1970. The foreign holdings of our debt…”

“This gives a little bit of a sense of progress on a 20-year increment. This is 1970. The foreign holdings of our debt were 5 percent. This is who owns our debt. Foreign holdings were 5 percent in 1970. Jump forward 20 years to 1990. Foreign holdings were 19 percent. In 2010, foreign holdings are 47 percent. So not only are we being asked to pass another one of these stimulus bills to bail out these States that have been irresponsible in managing their pensions, but we are now asking foreign countries to come in and to underwrite our silly economic policies. Now, after a while, these foreign countries are going to ask, Wait a minute. What's going on over there? What are you guys thinking?”