“We are in debt up to our ears to China. Well over $1 trillion we owe to them. That means we’re making substantial interest payments to China. When we send our hard-earned money to China, that’s our tax money. And what that means is we have less money for our military. And we just saw this year because of the failure of the Super Committee, $1 trillion less will be available for national defense.
When we cut back on national defense a trillion dollars, we are, in effect, sending money over to China in the form of interest. When we send the money over to them, they’re able to build their military up. So the greater our debt, the less money on our military, our military goes down. The more money for China, their military goes up. So we actually have the United States taxpayers paying for China’s new naval aircraft carrier, new fighter jets, new cyberoptics. This is a very frightening proposition, and it’s not good for the security of the American people.”