Saturday, August 6, 2011

China Tells U.S. It Must ‘Cure Its Addiction to Debt’

Quoting The New York Times
(I inserted the link):
“China, the largest foreign holder of United States debt, said on Saturday that Washington needed to ‘cure its addiction to debts’ and ‘live within its means,’ just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt

Beijing, which did not release any other official statement on the downgrade, called on Washington to make substantial cuts to its ‘gigantic military expenditure’ and its ‘bloated social welfare’ programs.”
Click the image
& read the rest:

Click the image & read the rest
Click here for reporting
from the U.K. Telegraph.

1) Obama - WORST President EVER!

NEVER BEFORE has ANY agency lowered our credit rating. Not EVEN during the enormous spending associated with World War II!

Blame the massively unprecedented fiscal irresponsibility of the goddamn Dims.

Worst of all, that Dim spending spree (predictably) ONLY made matters WORSE!

2) Even Chinese Communists know our “bloated social welfare” programs are insane!

Hell, Obama’s own debt commission and everybody else that is even remotely honest on this subject knows these programs are insane.

Click here and examine the data (including comments from the Washington Post, the CBO and more).

Click here for the very best solution (the one which will never happen -- but should).

Americans! Wake up! You are cutting your own damn throats with your moronic entitlement mentality!

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