Roy Cooper: “You have made very powerful statements here tonight. One point that needs to be addressed a little bit more is the fact…”

“You have made very powerful statements here tonight. One point that needs to be addressed a little bit more is the fact that we are going to be borrowing even more money from foreigners and the gentleman touched on that, particularly the Chinese. They are lending us more and more money, but I didn't know if you had pointed out so far here tonight as our colleague, John Tanner, has shown in the past that President George W. Bush has already borrowed more money from foreigners in the last 5 years than every previous President in American history combined. That is an incredible statement because that is every President from George Washington through Bill Clinton. They borrowed about $1 trillion in total from foreigners. But already under President George W. Bush we have borrowed over $1 trillion just from foreigners. So the gentleman's very powerful points about cuts to American citizens, cuts that are really going to damage their lives, at the same time we are cutting them, we are going to be paying more interest money to foreign lenders, to foreign bankers. And talk about wrong priorities. Hurting home folks so we can benefit rich foreigners? That is completely out of hand. But that is what happens when we not only have giant deficits but we have to borrow so much money from foreigners.”