Wednesday, August 24, 2011

Biden Bungles Talking Point on Debt

I'm wrong 'this much' of the time I speak
Joe Biden mistakenly claimed Americans own 85 percent of U.S. Treasury securities during his visit to China. Americans own 54 percent of the U.S. public debt — that is, the amount of debt held by the public. They own 69 percent of the total debt, which includes money the U.S. government owes itself.
At several stops in China, Vice President Biden sought to reassure the Chinese that their investments in U.S. treasuries are safe. Biden's reassurances — including his mistaken claim about how much of the treasuries are owned by Americans — had been widely reported, including by  ABC News , Bloomberg News  and the  Washington Post .
At a press conference, Biden  told Chinese Premier Wen Jiabao that the U.S. has good reason to "take care" of its debt.

1 comment:

  1. They need to keep Biden in the home, eating the checkers, thinking that they're Oreos.


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