expertise to china. i believe the key is the rebalancing in which they are not dependent on experts and focusing more on consumption. if they have a recession that would have an impact on that type of domestic consumption. it s something we re going to have to watch very, very carefully. we re going to have to encourage more exchanges and deliberations between our top financial services sector, as well as our financial institutions and our government officials, secretary geithner has a whole host of collaborations and exchanges with his counterparts in china. let me just also add that 70% of treasuries are actually held by domestic companies. 70% of our treasuries are held by domestic entities. of the 30% remaining held by other entities, china has about 1/3 of that. china s hold on, or ownership of our security really is only 8% of our total debt. and in no way does china s position in any way influence u.s. foreign policy. thank you very much. mr. webb. thank you, mr. c
protecting, maybe should not be protected. can we be honest? if we put all of the spending on the table, can we put the tax breaks on the table, too? host: diane joins us from back and ruche, and louisiana. bought some ruche, louisiana baton rouge, louisiana. caller: you have given us apply for of things to talk about. a plethora of things to talk about. i call on the republican line, but my family has been a democrat for many years i have been a grandmother. i do not feel that the region that i left the democrat party. the democrat party left knee. i have become a republican. i d like to challenge some of your statements. you say that there is solvency in social security. my husband and i are baby boomers. i understand that if more is going out than coming in, i do not understand how there can be solvency. he cannot kick the can down the road. you cannot take the can down the road. he need to address that more is coming out than is coming in. you also talk about pr