Quotes about Foreign Borrowing

Dick Durbin

We borrow 40 cents out of every dollar that we spend. We borrow most of it from countries like China. They have become major creditors of the United States and have more power over our economy than we want them to. So dealing with this is not only the right thing economically, it's certainly right from a moral viewpoint.

Rand Paul

Does it make any sense to borrow money from China to give it to the unemployed I America? This weakens us.

This is an example of a fascinating one-sided logic. At the time, the Chinese were, not the largest, but one of the large holders of American short term debt. It made sense to the Senator to borrow money from China to have military bands and orchestras and sports teams; it made sense to borrow money to give tax subsidies to wealthy corporations and all the other things. To him and many well off people, it certainly didn’t make sense. To the people who were unemployed or at risk of employment, or those who were empathetic with them, it made a great deal of sense.

Jeb Hensarling

We should not be borrowing money from the Chinese to bail out the Greeks. What's coming next? Intergalactic bailouts?

Pat Buchanan

We are thus in the position of having to borrow from Europe to defend Europe, of having to borrow from China and Japan to defend Chinese and Japanese access to Gulf oil, and of having to borrow from Arab emirs, sultans and monarchs to make Iraq safe for democracy. We borrow from the nations we defend so that we may continue to defend them. To question this is an unpardonable heresy called 'isolationism.'

Dennis Cardoza

I know that my Republican colleagues are as ashamed as I am that the United States is forced to borrow over $1 trillion from foreign nations to pay for our national priorities like reconstruction of the gulf coast and the war in Iraq.

Alexander Hamilton

It is presumable that no country will be able to borrow of foreigners upon better terms than the United States, because none can, perhaps, afford so good security.

Mitt Romney

I like PBS. I love Big Bird ... But I'm not going to keep on spending money on things to borrow money from China to pay for it.

Henry Paulson

The U.S. didn't save enough; we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.

Ben Stein

We are mortgaging ourselves to foreigners on a scale that would make George Washington cry. Every day - every single day - we borrow a billion dollars from foreigners to buy petroleum from abroad, often from countries that hate us. We are the beggars of the world, financing our lavish lifestyle by selling our family heirlooms and by enslaving our progeny with the need to service the debt.

Foreign Borrowing Quotes