Max Baucus: “I think it would be better if the United States could avoid borrowing so much. It is unfortunate the United States has…”

“I think it would be better if the United States could avoid borrowing so much. It is unfortunate the United States has borrowed a lot to run its affairs. So have other countries, I might add. It is not just the United States. There are many countries, regrettably, that have overborrowed. Greece comes to mind, as do other European countries: Spain, Portugal, perhaps even Hungary. It is becoming quite a concern worldwide. It is one reason we have the Deficit Reduction Commission set up to figure out the proper way to reduce our deficits, which by definition would mean that other countries would be borrowing less from other countries. But I also think we need to act responsibly. The Senator from Texas sent a resolution--I think it is a resolution--which was pretty strongly worded in its implied criticism of China. It somewhat reminds me of the Pogo cartoon: We have met the enemy, and he is us.”