Our Biggest Creditor {China} Tells Us "The good old days of borrowing are over"
by: Les Carpenter Rational Nation USA Birthplace o Independent Conservatism Liberty -vs- Tyranny As the chickens come home to roast... Unbelievable we have been this stupid. ( Reuters ) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets . After a week that saw $2.5 trillion wiped off global stock markets, they are under pressure to show political leadership and reassure markets that Western governments have both the will and ability to reduce their huge and growing public debt loads. French President Nicolas Sarkozy, who chairs the G7/G20 group of leading economies, conferred with Britain's Prime Minister David Cameron ahead of a call planned for this weekend by G7 finance ministers and central bankers. "They discussed the euro area and the U.S. debt downgrade. Both agreed the importance of working together, monitoring the situation closely
I know that Mr. Biden is considered a buffoon by many. But this is twice now that he's given the President advice that he should have taken and didn't. The first was on the surge in Afghanistan (Biden felt that a counter-terrorism strategy was preferable to a counter-insurgency one) and now with this whole birth control mandate thing. Obama's a pretty stubborn man, apparently.
ReplyDeleteGee, what a surprise. Ideologues usually are. Irrespective of the party they belong to.
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