Getting your player ready...
The claim:
“The U.S. energy policy is to borrow money from China to buy oil from countries that don’t like us.” — Former Virginia Gov. Mark Warner on Tuesday in Denver.
The explanation:
We don’t think Warner meant it literally, as if it were written down somewhere.
Here’s what it comes down to, according to the economists we interviewed: As a country, we spend more than we make, and we don’t have much in savings either. So collectively, we have been borrowing from foreign countries to pay our bills.
PolitiFact.com is a fact-checking website from the St. Petersburg Times and Congressional Quarterly. Find more online at .
