Deborah Koff Ross: “Let me just round out the top 10 current lenders. These are the countries the United States of America is borrowing…”

“Let me just round out the top 10 current lenders. These are the countries the United States of America is borrowing money from in order to provide tax cuts for folks in this country earning over $400,000 a year. That is in the President's budget. That is what he is proposing to do. Here is what he has done already. In the past 6 years, our Nation has borrowed more money from foreigners than the previous 42 Presidents combined. Again, Japan $637.4 billion; China, $346.5 billion; the United Kingdom, $223.5 billion. OPEC. And we wonder why gas was approaching 3 bucks a gallon in August. Our Nation has borrowed $97.1 billion from OPEC to give folks who live in this country a $400,000 tax cut. That is exactly what the President is proposing to continue. If China decides to invade Taiwan, our country and our fiscal house is in such a mess that if China decides to invade Taiwan, we will have to borrow more money from China to be able to afford to go assist and defend Taiwan.”