Chart: Half of Public Debt Owned by Foreign EntitiesPosted by Randy | September 01, 2010
This chart shows an alarming truth – nearly half of our public debt is owned by foreign nations, like China.
I believe this is wrong. That’s why I have not only voted against all of the bailouts and stimulus packages that have added to our skyrocketing debt, but also cosponsored the Cap the DEBT Act. The premise of this commonsense bill is a simple – require a two-thirds vote by the House and the Senate to raise the debt ceiling. You can read more about it in this post.
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