Quote:
Originally Posted by barney-fife";p="
the republicans know what rangel and the other democrats will do once elected.
No, we're simply taking Rangel at his word on this.
Considering the current substantial period of increased spending and decreased revenue,
Tax revenues increased 10% from 2005 to 2006. Where have you been?
|
and how much has our debt to China increased over the same time period?
China is now the second largest holder of U.S. debt, with more than $260 billion in U.S. Treasury securities.
Since Bush took office, the amount of U.S. debt owned by foreigners has increased 120%, from approximately $1 trillion in January 2001 to approximately $2.2 trillion in February 2006. It took 42 American Presidents and 224 years to build up that amount ($1 trillion) of foreign-held debt.
Try fudging those numbers up. Cheers.