Tim Ryan: “Absolutely. Let us just look at one thing we have been talking about here. One of the major costs of the kind of…”

“Absolutely. Let us just look at one thing we have been talking about here. One of the major costs of the kind of institutional corruption that is going on right now is what is going on with the interest on the debt. The Nation's debt is now over $8 trillion with a T, and the interest in the 2007 President's budget, the interest alone is almost two-hundred-and-twenty-some billion dollars out of this budget. Now, when you look and you compare what we have to pay in interest on the debt compared to what we are paying for education or homeland security or veterans, it is totally and utterly disproportionate to the kind of investments we need to be making, because this money, and on the chart here, we are borrowing this money from the Japanese government. We are borrowing the money from the Chinese Government. We are borrowing the money from OPEC countries. We are ceding our country away to these other foreign interests, and at the same time, we are asking Japan and China to borrow money because we do not have enough because we are giving out corporate subsidies to the oil companies and corporate welfare to the pharmaceutical companies.…”