China is loosing patience with the Us over its inability to agree a debt-ceiling plan.
http://rt.com/news/china-us-debt-default/
http://rt.com/news/china-us-debt-default/
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I never would have loaned someone money that had our credit issues. -
China is going to take every shot they can at making America look bad..
It'll just make them the next superpower quicker... Too bad the US won't really put them in their place...Comment
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If Washington decides to default and thats a big if. I wonder if China will drop the dollar as its main reserve currencyComment
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China gives us money to buy their crap products since no one eles wants it, so they are fucked without us. Plus we have better weapons so we only have to pay if we want to they have to kiss our ass. What are they going to do fight us, we don't fight conventional wars anymore based on amounts of people, it's based on weapons, and we win.
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We didn't have credit issues until this congress created them. We had the best credit rating in the world a few month's ago.
We may have been carrying too much debt, but you should know that for a massive business venture carrying debt is as much an asset as a liability.
They called it leverage not long ago.
Republicans keep making comparisons to family budgeting, but a more correct comparison is to the budgeting of a giant corporation.
In a business, the ability to leverage is a positive.Comment
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No worries, Boehner ran it by Rush Limbaugh first. Should be fixed soon.
http://thehill.com/blogs/blog-briefi...h-on-debt-plan- Free Premium Domain Lists and Tools at Clickmojo.com
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they have been raising the ceiling with no issues for decades.
of course the tea party shenanigans are going to get the US credit rating lowered which will end up costing more than any debt level increase.
idiots ...Comment
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Possibly, I've heard that statement here, but it is not typically emphasized in teh economics news I read.
I'd have to see the supporting sources - do you have them? It might be interesting toi look at that claim.
However, that's a peculiarity of our governing system, only one other country in the world has a debt ceiling law. All other countries give themselves the right to borrow as they see fit.
However, my point was, we had excellent credit until the new tea party driven republicans in the house decided to make this an issue.
We would not have any problems borrowing more money if it were not for the house. Our creditworthiness was not a concern globally.Comment
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As Agent says it has been raised through the decades
Since March 1962, the debt ceiling has been raised 74 times
http://money.cnn.com/2011/01/03/news...faqs/index.htm
I was actually getting it mixed up with this "Third Blow" they are talking about for the US
The first strike came in 2008 when the subprime bubble popped and plunged the world into recession. Since then, a seemingly endless stream of reports and documentaries on the American financial system has transformed its image from being the envy of the world into the poster child for capitalism gone wrong.
The second strike came in the fall of 2010 when the Federal Reserve went ahead with a controversial second round of quantitative easing, now ubiquitously (perhaps infamously) known as ?QE2?.
http://chinausfocus.com/slider/has-t...conomic-power/Comment
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