Will the Teapublicans Force America Into Default?

[icenine]

Originally Posted by piece-itpete

Read the article?

Pete

Tea Party-Edsel
Robbin

[piece-itpete]

That makes you a commie

Pete

[CarlV]

Like these commies?

By William Wan, Monday, October 14, 6:42 AM E-mail the writer

BEIJING — The political standoff in Washington has spawned frustration and growing worries in China, which remains the largest holder of U.S. government debt, as the clock ticks down to a possible U.S. debt default this week.

The crisis shows that China and the rest of the world should start to “de-Americanize,” according to a strongly worded commentary from Xinhua news agency, China’s leading government-controlled news outlet.

“The world is still crawling its way out of an economic disaster thanks to the voracious Wall Street elites,” the commentary said. “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.”

“The congressmen are behaving irresponsibly not only for other countries but also for its own creditors,” said Mei Xinyu at the Chinese Academy of International Trade and Economic Cooperation, which has ties to China’s Ministry of Commerce. “They are gambling the U.S. future on their political struggle interests.”

Others have gone further, such as Zhao Xijun, deputy dean at Beijing’s Renmin University School of Finance, who likens Congress to kidnappers holding global investment for ransom.

“The two political parties in the U.S. have disregarded the interest of the rest of their country and the world,” he said.

China is the largest foreign holder of U.S. Treasury bonds, with roughly $1.28 trillion, although holdings have declined slightly in absolute terms in the past year, and more sharply as a proportion of total reserves in the past decade.
http://www.washingtonpost.com/world/...45b_story.html

Spin it all you want, we did not owe them a penny until the Bush tax cuts.


Carl

[piece-itpete]

I'm sorry but LOL! China spinning it their own way

China's been a debt holder of ours for a long time.

Pete

[hillbilly]

Originally Posted by piece-itpete

I'm sorry but LOL! China spinning it their own way

China's been a debt holder of ours for a long time.

Pete

I remember when Bush Sr. was in office about everything we bought was made in America but at the end of Clintons second term I had trouble finding the same things still made here...but hey anyone could get a house zero down without having to verify income. And things went south from there.. just in time to fall in George Dubya's lap and the dems screamed ''it's all because of Dubya's war''.

[icenine]

Originally Posted by hillbilly

I remember when Bush Sr. was in office about everything we bought was made in America but at the end of Clintons second term I had trouble finding the same things still made here...but hey anyone could get a house zero down without having to verify income. And things went south from there.. just in time to fall in George Dubya's lap and the dems screamed ''it's all because of Dubya's war''.

I think the zero down without verification was in Ws term...not Bush I or Clinton's


I bought my house in 1999 with a VA no no...I still had to qualify with income verification...my second job helped me out with that.

[bobabode]

http://www.washingtonpost.com/politi...y.html?hpid=z1

A deal in the works? Will the House go along?

Anyone else tired of this shit? I know I am. This ain't no way to run a railroad.

[Rajoo]

Forcing a shut down from reading this. Though I am at a point where I really do not understand all these voting rules and procedures.

http://thelead.blogs.cnn.com/2013/10...o-house-floor/

[Oerets]

Originally Posted by bobabode

http://www.washingtonpost.com/politi...y.html?hpid=z1

A deal in the works? Will the House go along?

Anyone else tired of this shit? I know I am. This ain't no way to run a railroad.

Tell ya the rest of the world is tired of this broken record. Listening to the BBC earlier and plenty of businesses overseas are having second thoughts about the US Dollar.


Barney

[bobabode]

"On Tuesday, Fitch Ratings announced it was accelerating its timetable for a potential U.S. credit rating downgrade, citing the brinksmanship in Washington. Fitch would become the second credit rating firm to downgrade U.S. government debt, which could have ripple effects across a range of markets."
http://www.washingtonpost.com/blogs/...grade/?hpid=z1
Damn nihilists oughta be locked up for treason & sedition. When is enough, enough?

Time for the 14th Amendment solution.