Wednesday, August 3, 2011

US under scrutiny from the new debt vigilants

China Joins Russia in Blasting U.S. Borrowing After Debt Ceiling Agreement

China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit.
People’s Bank of China Governor Zhou Xiaochuan said China’s central bank will monitor U.S. efforts to tackle its debt, and state-run Xinhua News Agency blasted what it called the“madcap” brinksmanship of American lawmakers. Russian Prime Minister Vladimir Putin said two days ago that the U.S. is in a way “leeching on the world economy.”
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Comment: Sorry, but the rule holds that if you behave like a child, you'll be treated like a child.

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