Tim Ryan: “Well, let us do this here. This is the debt increases that you were referring to in the letter. Already, this President…”

“Well, let us do this here. This is the debt increases that you were referring to in the letter. Already, this President, and this Republican Congress have raised the debt ceiling, which means this country can now go out and borrow more money from the countries that Mr. Meek was talking about. June 2002, this Republican Congress okayed raising this debt ceiling by $450 billion. In May of 2003, $984 billion increase in the debt ceiling. November of 2004, $800 billion, raising the level of the debt ceiling again. And then the pending increase, $781 billion increase in our debt ceiling. That is a total of $3 trillion, $3 trillion that this Republican Congress has okayed, Madam Speaker, and will go out and borrow from the countries that Mr. Meek just spoke of. Now, real quick, of that increase, since 2001, this country has borrowed $1.18 trillion, which is signified by the blue bar there on the far left. Of that money, of the $1.18 trillion, $1.16 trillion, the orange bar is foreign debt borrowed from foreign countries. And over here, this bar, you could barely see, Mr. Meek, that is domestic borrowing. So of all these, of this debt of the money we are borrowing, it is almost 100 percent from foreign countries. Piece by piece by piece. It is not just the ports. It is not just the ports, Mr. Meek, Ms. Wasserman Schultz. It is our future. It is this country that is getting mortgaged, and we have to pay interest on that. Ms. Wasserman Schultz, I yield to you to talk about that.”