Giving Aid to China as we Borrow From China

Senators Outraged U.S. Borrowing Big From China While Also Giving It Aid

China is one of the biggest economies in the world and grew at more than 9 percent over the last year. It also has loaned more than $1 trillion to the U.S. to fund its deficit-spending.

But at the same time, the U.S. sends foreign aid to China, which lawmakers of all stripes say is just plain nuts.

"Why in the world would we be borrowing money and then turn around and giving it back to the countries that we're borrowing it from?" Republican Sen. Tom Coburn of Oklahoma said. "If they have enough of a surplus to loan us money, they have enough of a surplus to take care of their own needs."

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