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-led congress, and why it really matters for everything from health care to global and national security, to the balance in your 401k. plus, i will talk to yuri salk, the adviser to ukraine defense minister about a very important week for ukraine, and a new evidence that ending roe was not enough for the anti abortion lobby in this country. the war against reproductive rights rages on, and it s worse than you would think. i will call this week s meeting of the velshi banned book club comes together. it is a celebration of mother daughter love and it has been banned. i will talk to the author, graceland, about why the story is so important. ahead. velshi starts now. . good morning, i m ali velshi, it is saturday january 21st. it is two years of the day since president biden s presidential moderation. we begin with a dire warning to the present day, but to do so, let s go back in history to this famous exchange. little did i dream you could be so reckless and so cru ....
China with about 870 billion, great britain with about 648 billion, belgium s out about 333 billion, and luxembourg, believe or not, rounds of the top five at 313 billion. generally, the rest of america s debt belongs to america. the government has barred allotted cash from its own public. 39% from the federal reserve, 22% from mutual funds, and so think about your 401(k) s. 11% from depository institutions, like banks, 9% from state and local governments, 8% for pension funds, and 9% from the social security trust fund. in two or some out of context. this 9% is two point 85 trillion dollars. the u.s. owes social security right here at home we more money than the 870 billion dollars that it is china. so when you hear somebody saying that this that is all china, no, it s actually mostly all america. nevertheless, the u.s. has over 31 trillion dollars that means to repay in a debt limit that has been reached as of this week. ....
He s raged about the, quote, rape of the u.s. economy and what he calls the theft of american jobs. how much of that is actually true and why does it matter? let s take a look at trade. this is the big deal. trade between china and u.s. is estimated to be worth $648 billion last year. that makes china our number one trading partner. so far this year, u.s. exports to china totaled $91 billion. that s a 15% increase from the same time last year. good, right? well, take a look at that. $91 billion. this is what china sells to the united states. $365 billion. that s four times what the united states has made. it s all contributing to america s trade deficit. when you buy more than you sell, you have a trade deficit. despite the president s vows to narrow the gap between this and that. have to remember so different from a budget deficit. when xi jingping went to mar-a-lago in the spring sitting ....
Week. we will use economic sanctions to bring north korea to the table. stop and trade with china? stop and trade with anybody, nobody would be off the table. chris: but the u.s. did $648 billion of trade with china last year. there they are the single lart of importing goods and we are not about to cut trade with china. this is an indication how serious threat of north korea and it s in interest to resolve it. of course, we need china to help as much as they can. great deal of economic power over north korea and certainly we think that chinese agree it is in their interest to have a denuclearized peninsula. we are not going to cut all trade with china. restrict trade in anyway we can with the regime to choke off ....
he he turned blue for a second, mark. avatar. super committee might be behind it you are saying go small? why? look, the bottom line is the super committee is super pathetic, okay? we have got they were urged. don t mince words. not only are they going to meet their mandate they are going to come up with zero in cuts. that is quite simply pathetic. the fact is that even if you can t agree on entitlements and taxes, there is still hundreds of billions of dollars of spending that we could agree on on cuts. and they are not even going to do that the republicans put forward a plan on friday, a plan b, $648 billion in cuts. about half the mandate. and the democrats rejected it. and the reason they said was they there are not enough there interest no tax increases in this plan. there is no tax increases in the sequester either. if they can t do 648 billion? ....