Tim Ryan: “And I just found out, too, today Wal-Mart is going to open another 1,500 stores. Now, Wal-Mart one way or the other.…”

“And I just found out, too, today Wal-Mart is going to open another 1,500 stores. Now, Wal-Mart one way or the other. Now, that is not economic development. That is not economic growth, Wal-Mart jobs. Now, they may have a place in our society. You can argue it one way or another. That is not what we are talking about. {time} 2245 We are talking about this President saying that we are having real economic growth; and Wal-Mart is opening up 1,500 stores is not, to average Americans, actual economic growth. And as you stated with the budget and the deficits, let's just look at what this President has done. We saw the numbers here, that he has borrowed more than the previous 200 years. He has run up the four largest deficits in the history of the United States of America, an annual deficit of $378 billion in 2003, a deficit of $413 billion in 2004, a deficit of $318 billion in 2005, and a projected deficit this year of $423 billion. We are going to be spending more than we are taking in, and we are borrowing the money from the Chinese Government. Now, we are putting ourselves in a very difficult position, not only because we are borrowing money and we have to pay interest on it, which is reckless as could be, but strategically trying to deal with the Chinese Government, how can you be firm in your foreign policy when the Chinese Government is your bank? You can't go to your banker and negotiate from a position of weakness.…”