dr. robert 71 of the things that i appreciate about you is you can make a relatively complex very easy to understand. but dealing with china, first of all, what is the significance of the chinese having so much of our debt? in other words, what happens if they say we will the longer by your debt any more? how will that affect us other than increasing the rate? and second made primarily dealing with china what is the significance of the trade balance or imbalance we have had for so long? webb will be the effect of that over the long term? >> the bible says the borrower is the servant of the lender and the chinese told somewhere around 1.$2 trillion of our money. that is the kind of the debt obligation we have with the chinese which means if we ever started to get a hard nose with china they say we will take you down and they start flooding the market with dollars and it drops dramatically and the price of everything we by which you up dramatically and our people would be screaming because the average steelworker and automobile worker would be desperate for money. that is what all of that m

dr. robert franklin as well as mike straunmanneis and we also want to thank bobby flay with these unbelievablyood-looking grub over here. i don't want to talk long. i want to say hello to everybody. i just want to thank everybody for participating for the young people. i just hope that the message we're accepteding out about how important fathers are is something that you will internalize because all of you are probably going end up being fathers. and the time is now to start thinking about what that means in terms of responsibilities, what it means to be a man. and the men who are -- you're going be sitting with today, i think exemplify whether their famous or not famous, rich or not so rich, they imbody that spirit of love and dedication and commitment that fatherhood's all about. so we appreciate all of you. i don't want to get in the way of the food. thank you for participating. hope you zpwrice a good time. and to all the father's out there, happy father's day. all right? [applause] >> [inaudible conversations] >> coming up next a reporters' roundtable on the political news of the week. a

dr. robert ballard who discovered the die titanic, mr. chairman, has helped inspire and motivate more than seven million students and teachers to become more proficient in science. i can't think of a program that has a better return on investment, one that has reach sod many and could have such a profound impact on america's innovation and competitiveness in the long run and it does one other thing, mr. chairman, upon closing, it promotes the private-public partnerships that the gentleman who is the author of the amendment frequently alludes to. it's a wonderful program, serbs the nation, and i -- serves the nation and i urge a no vote on the amendment. the chair: the gentleman's time has expired. the gentleman from arizona. mr. flake: i thank the chairman. we talk a lot about investment here. it seems we want to spend money we don't have. we call it an investment and assume everybody will be ok with it. we have invested so much we have a $2 trillion deficit now. i would submit we have got to stop. got to stop investing, spending whatever

roberts. i for the life of me -- i don't see what the beef is. just as i feel that we're fortunate to have someone with dr. grove's credentials to serve as our census bureau, i think we're lucky to have someone with judge sotomayor's credentials to serve on the supreme court. i had the opportunity to meet with her. i know a number of my colleagues have, too. and i must say, among the things i most like and respect about her, she grew up from nothing. she was a kid broken in the bronx, raised in -- she was a kid born in the bronx, raised in the bronx, a very humble beginning. and she was -- she worked hard, won herself a scholarship to princeton, went there, excelled, and later went off to law school at yale, two of the finest institutions we have in our country. after that she was a prosecutor for a number of years. beyond that, a corporate litigator, and finally nominated by a republican president, george herbert walker bush, to serve as a district court judge. by all -- by all observe,she did a superb job there -- by all observers, she did a superb job there. she was an exceptional judge. so good that a