Oh, the Hugh Manatee Dugong!
I guess we should help out our rating by building HUGE EMPTY CITIES.
Right...?
Oh, and make BitCoin completely illegal —I bet that would inspire confidence, right, China..?
MAGA
Always something, in the form of what? U.S. National Debt continues to spiral out of control and really should be looked upon as a threat to U.S. national security, yo! Given China is the largest ‘banker’ we use, it is hilarious that some here simply ignore the obvious....sooner or later, the ‘banker’ is going to cut you (the U.S.) off.
Yeah well, send some of those immense Cargo ships back to China. I think that might change their minds...
Yeah well, send some of those immense Cargo ships back to China. I think that might change their minds...
Stupid political stunt.
This is a warning to the government not to shut the government down during the budget process.
How about if China pays all our bills, takes over the country and then in a benevolent move gives it all back to us debt free?
FUPRC (figured I’d get one in before someone else does).
Anything to do with Jerry Chun Shing Lee’s arrest ?
They’re just trying to get higher interest rates on the treasuries they buy.
Obama runs up.$9 TRILLION in debt in 8 years, and the U.S. is good for a A- rating.
Trump overhauls our income tax structure to make the U.S. more competitive internationally, static analysis claims it “might” increase our debt by $1.4 Trillion over 10 years, and China decides to lower our rating to BBB+.
Yeah, right. Must be operator error on a abacus or something.
I am concerned about the exploding US Net worth, skyrocketing employment and across the board increases in wages and working conditions. Soon, traces of an increasing standard of living will become apparent. And we have hit a business earnings bomb with company after company reporting record profits and giving bonuses to employees.
TWB
Then all the General Aviation companies you bought the eviscerates our Aerospace superiority at the basic level were bought with insolvent dollars so, be nice to us and just give them back you phu**ers!
Oh, the Hugh Manatee Dugong!
I suspect that most of the big bankers and politicians are out of their minds. The national debts, state debts and other debts are crazy.
China is a sh*thole.
The Constitution gives the power to appropriate money to the people’s House of Representatives. The House controls the power of the purse and not one dime can be spent by any president without authorization from the House. The House of Representatives has been controlled by the Republican party since January of 2011. During that time the Hosue has not cut agencies, headcount, or failed programs. They have not required accountability from the executive branch. House Republicans no longer even make a pretense about fiscal discipline much less ending deficit spending. Recently they’ve been making noises about reinstating earmarks. The blame for deficit spending during the last 6 years of the Obama administration, and the first year of the Trump administration lies 100% on the Republican party which has the Constitutional power, not to mention responsibility, to bring spending under control. They have failed miserably.
Look at the budget process with Republican control of the House and Senate as well as the White House. The current fiscal year began October 1, 2017. Over 3 1/2 months later there has not been a budget passed for the current year and there is the potential for a government shutdown unless another continuing resolution that perpetuates the waste and corruption is passed. It seems the Republicans have no plan or capability of using their majority in the House and Senate to pass a budget of any kind, much less a balanced budget.
Blame Obama, blame the Democrats. However the Republicans are worse when it comes to spending. Remember George W. Bush inherited a balanced budget from Bill Clinton in 2001 and then proceeded to double the national debt from $5 trillion to $10 trillion. The debt doubled again under Obama from $10 to $20 trillion but during 6 of the 8 Obama years the GOP controlled the House of Representatives which must approve all spending. In fact for the first 6 years of the Bush administration, Republicans controlled the House and the power of the purse. During that time, while the House was under the leadership of the pedophile Dennis Hastert, the deficit ballooned thanks to out of control earmarks and the unwillingness of Congress and the President wars in Afghanistan and Iraq which exploded the deficit, cost the lives and limbs of thousands of US soldiers, and did nothing to improve the security of the nation. Not to mention the expansion of spending for entitlement social programs caused by the failure of the Republican administration of George W. Bush to secure the border. Declining tax receipts resulting from the offshoring of US manufacturing and lower of tariffs due to Bush’s globalist “free trade” policies also contributed to the exploding deficits.
For years I bought the line that Democrats drive deficit spending and Republicans are fiscally responsible. The reality of the last 18 years has been an unprecedented explosion of the accumulated national debt while the House of Representatives has been primarily under Republican control. It is impossible to correct the problem without assigning and demanding accountability. Continuing to blame Obama and the Democrats, does not assign accountability to those responsible.
Point the finger at Speaker Ryan.
Meanwhile China upgraded Haiti’s credit rating to AAA commenting on the renaissance in shithole economies but
declined investing in any of their debt.