USAA+
So while liberal news outlets whine like crybabies in denial and blame-shift for S&P's recent AA+ credit downgrading yesterday...
the White House, which called S&P's analysis of the economy deeply flawed and politically-based.
Is the U.S. Credit Rating a Victim of GOP Sabotage?China offered a more common-sense, sobering reality-check:
China hit out at the United States on Saturday after its unprecedented ratings downgrade, with state media saying that the world's largest economy needed to cure its "addiction" to debt.
Washington needed 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," Xinhua said.
"To cure its addiction to debts, the United States has to re-establish the common sense principle that one should live within its means," the commentary added.
Francis Lun, managing director of Hong Kong financial services firm Lyncean Holdings, said S&P's judgment was right.
"Basically in the mind of the Chinese government and investors in Asia, the US does not merit the triple-A rating, it's not 24-carat gold anymore," he said.
"(Washington) has been spending like there's no tomorrow... they have been irresponsible fiscally so they deserved it (the downgrade)," he added.
Xinhua, which on Wednesday criticised the deal to raise the US debt ceiling as failing to defuse the country's "debt bomb"
Xinhua scorned the United States for a "debt addiction" and "short sighted" political wrangling.
It urged the United States to cut military and social welfare expenditure.OK folks...well, you KNOW it's bad when a COMMUNIST country tells you to start cutting back on your Socialist welfare programs!!! :D


4 Comments:
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Why American men should boycott American women
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I am an American man, and I have decided to boycott American women. In a nutshell, American women are the most likely to cheat on you, to divorce you, to get fat, to steal half of your money in the divorce courts, don’t know how to cook or clean, don’t want to have children, etc. Therefore, what intelligent man would want to get involved with American women?
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BOYCOTT AMERICAN WOMEN!
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Ron Paul is the only candidate with full sober sanity in the running!!
That's why liberals and neocons HATE him! Hahaha!
Robert Welch (founder of John Birch Society) predicted the Socialist takeover of our country in 1958!
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