Deborah Koff Ross: “That would be Red China, Communist China. Our Nation has borrowed $321.4 billion from China to fund tax cuts for folks…”

“That would be Red China, Communist China. Our Nation has borrowed $321.4 billion from China to fund tax cuts for folks earning over $400,000 a year at home, leaving our children and grandchildren to foot the bill. That may be a tax cut for the wealthiest people in this country now, but it is nothing more than a tax increase on our children and our grandchildren. The United Kingdom, $179.5 billion. OPEC, imagine that one, OPEC, our Nation has borrowed $98 billion from OPEC. And we wonder why gasoline is approaching $3 a gallon. Korea, $72.4 billion; Taiwan, $68.9 billion; the Caribbean banking centers, $61.7 billion; Hong Kong, $46.6 billion; Germany, $46.5 billion. And get a load of this, rounding off the top ten: Our Nation has borrowed $40.1 billion from Mexico to fund this reckless spending, these record deficits and this record debt given to us by this Republican Congress and this administration. Now, as members of the Blue Dog Coalition, why do we raise this issue? We have got just a few minutes left here. We raise it because our Nation is borrowing $1 billion a day. Never mind that. On top of that, we are spending a half billion dollars a day paying interest on the debt we have already got. That is a half billion dollars a day that cannot go for education, cannot go for health care, cannot go for infrastructure improvements. It has got to go to service the debt.…”