By Suzia van Swol-University of New Mexico-Talk Radio News Service Congressman Steve King (R-Iowa) talks with TRNS correspondent Suzia van Swol at the 2009 House Republican Radio Row about the impacts that the U.S. will face by borrowing money from China. He says that if you borrow money, you have to pay it back , and “we’re either going to pay for it with inflated dollars, or it’ll be our children and our grandchildren paying this debt.” (1:01)
King: Our children may end up paying our debt
Congressman Steve King (R-Iowa) talks with TRNS correspondent Suzia van Swol at the 2009 House Republican Radio Row about the impacts that the U.S. will face by borrowing money from China. He says that if you borrow money, you have to pay it back , and “we’re either going to pay for it with inflated dollars, or it’ll be our children and our grandchildren paying this debt.” (1:01)