Deborah Koff Ross: “$2 trillion of our debt today is being held by foreign lenders, foreign governments, foreign central banks. Compare this…”

“$2 trillion of our debt today is being held by foreign lenders, foreign governments, foreign central banks. Compare this to only $23 billion in foreign holdings in 1993. The top 10, it is kind of like David Letterman later tonight and his top 10 list. The United States of America, we owe Japan $687.3 billion. We borrow money from them to pay for tax cuts for the wealthy people here in this Nation. China, we owe them $252.2 billion. I know I have got that southern drawl and so I want to make sure everybody understands that I say billion, not million. $252.2 billion. United Kingdom, $182.4 billion. Caribbean banking centers. I had never heard of such. Caribbean banking centers, $102.9 billion. Korea, $61.7 billion. OPEC, and we wonder why gasoline is so high, we have borrowed $54.6 billion from OPEC. Taiwan, $71.8 billion. They are counting on us to defend them if China invades them and we are borrowing money from Taiwan. The gentleman from Tennessee (Mr. Tanner), a founder of the Blue Dogs, again he put it best when he said, if China decides to invade Taiwan, we'll have to borrow even more money from China to defend Taiwan. Germany, $63.5 billion. Switzerland, $37.5 billion. And Hong Kong, $48.1 billion. Again, this President, this administration, this Republican Congress, has borrowed more money from foreign lenders in the past 4\1/2\ years than the previous 42 Presidents combined. It is time for accountability.…”