episode of Eye on New Mexico.
Eye on New Mexico - Mar. 27, 2011
Congressman Pearce: Our banker is China and they have said twice in the last year: "It's no good.
We're not going to buy anymore of your Treasury bills. We are afraid you can't pay." You remember
when the Premier came to the White House about three weeks ago? He expressed concerns about our
currency. These are our banker clearing his throat saying this is not working too well. Now then
this green sludge that has run over down here, that is debt that we don't even declare debt anymore.
$202-Trillion for Social Security, Medicare, Medicaid.
Did you catch that figure? Not 14 or 15 Trillion. Not 40 or 50 Trillion. Not even 100 Trillion.
$202 Trillion dollars of debt.
Steve Pearce is the U.S. Representative for New Mexico's 2nd congressional district.