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 remember those of the Great Generation I called friend: Ken, who froze his feet at
ReplyDeleteBastogne: Bob, who carried the scars and malaria from Guadalcanal: Kenny, whose Nat
Guard job landed him in New Guinea and the hell from Buna to Moratai: Donny's dad, who
still lies on Iwo Jima; Duke, the gentle quiet guy who traversed Guadalcanal with
Carlson's Raiders; Bill, who hauled a BAR from Bouganville to the Phillipines; Stu,
paratrooper and point man 11th Airborne, Philipines; and tall thin Phil, who was never
quite at ease after liberating Dachau. I miss them. The country misses them.
Great tribute BB... thanks for posting.
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