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National Debt

Friday, June 15, 2012

Watch: LaTourette On The Money The USA Owes China

Congressman Steven LaTourette says he is concerned about the amount of debt China is buying from the United States

Congressman Steven C. LaTourette (R-Bainbridge Township) talked with members of the Mentor Area Chamber of Commerce Wednesday morning at Molinari's as part of the Chamber's Coffee & Conversation series. LaTourette discussed some topics that were on his mind -- primarily the need to fix the national budget -- as well as answered questions from members of the Chamber. Ron Traub, the city of Mentor's director of economic development, asked if LaTourette was concerned about the amount of the country's debt that China has bought. LaTourette replied that he is. He added that he recently traveled to China and one of the officials he met asked him, "How is our money doing?" The congressman also said that the economic engine that allowed China to …

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