Posted on 08/06/2011 3:44:07 PM PDT by rabscuttle385
SHANGHAI — China, the largest foreign holder of United States debt, said 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.
The harshly worded commentary, which was released by China’s official Xinhua news agency, was Beijing’s latest effort to express its displeasure with Washington.
(snip)
“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” read the commentary, which was published in Chinese newspapers.
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.
(snip)
“International supervision over the issue of U.S. dollars should be introduced, and a new stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country,” the Xinhua commentary said.
(Excerpt) Read more at nytimes.com ...
Well, we DO owe them money.
Looks like Obama got what he wanted afterall. The destruction of the U.S.
Yup and another foot into 2012
Fine with me. Lets also cure our addiction to Chinese good and outsourcing too!
(China calls for “int’l supervision” of US)............
We have it already it is called Obama Administration.
Fine ,show me an African ran country that is doing “Swell”.
Good luck finding American made TVs and computers.
We'd have to start where the Amish people are today.
I say trade with China’s enemies. Vietnam is to the right of us now (thanks to Obama) let’s give them the business.
Better said: “Economically, the Vietnamese Government is to the right of Obama”
We control China through Walmart,that is the money club.
Another step towards globalization?
My comment to China - ‘that sure is a mighty pretty dam you’ve got there. It’d be a shame if something was to happen to it...’
I agree however can we accept being called racists after tossing the problem out of office?
Walmart is not only in the United States.
Hey! Good job, Federal Government! Thanks again for your terrific stewardship of the country!
Fine, you don’t like hearing this from China, but are they speaking the truth or not? That’s the question, not whether or not we like them.
Comments like yours makes it seem we would be happier if the Chinese were enablers for Obama and his debt, do they not?
Seems to me that the Chinese are making observations that OUGHT to be made by our own press, and would be if they weren’t such politically correct sissy boys.
“We control China through Walmart,that is the money club.
Walmart is not only in the United States.”
Fine then ,The 2500+ Walmarts and 585 Sams here can be supplied with 25% less Chinese input,With American or other sources making up the difference,every time they act up, Home Depot and Lowes next.
Americans need to wean their government off of their dependence on foreign money.
We already have international supervision. Think of something else, China!
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