http://www.theblaze.com/stories/china-demands-us-cure-its-addiction-to-debts/
China Demands US ‘Cure its Addiction to Debts’
BEIJING (AP) — China, the largest foreign holder of U.S. debt, demanded Saturday that America tighten its belt and confront its “addiction to debts” in the wake of Standard & Poor’s decision to downgrade the U.S. credit rating.
China currently owns $1.2 trillion of U.S. Treasury debt, the largest stake of any central bank. The commentary carried by the state-run Xinhua News Agency was Beijing’s first official response to the S&P decision.
“The U.S. government has 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.
It said the rating cut would be followed by more “devastating credit rating cuts” and global financial turbulence if the U.S. fails to learn to “live within its means.”
“China, the largest creditor of the world’s sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China’s dollar assets,” it said.
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No one should be surprised. I posted before that our government of both parties keeps kicking the ball down the street. They don’t realize that the street is dead end and that soon they will hit the wall and not be able to kick the ball further. They will have to deal with it finally. Well we have hit the stone wall. Obama is no leader. He is still making excuses and doesn’t have the courage to look into the mirror and take blame for his failed actions, or tell the truth. It is always someone else who is to blame. People are not stupid and we know that for the betterment of the nation he must be replaced. Sanders of VT, has also said what I have said that there needs to be a Democrat that has enough courage to challenge him. Like Johnson had to be challenged, so does Obama. Will there be enough real men left in the Democrat Party to do what is needed to save this country and run against Obama? Or will they continue to be the cowards they are and pretend that Obama is qualified to be President and continue to allow themselves to be lied to by him?
It is sreitos like this, with the inconsistencies screaming at you as you have laid out, that prompts me to repeat one of my observations.The challenge for you, mankind, is to argue your case. Say it loud and say it strong. You are seeking mercy from those who are positioned to enforce misanthropic beliefs. Mankind’s strongest case is his brain. Those who have been employing Critical Theory to undermine the West have been doing everything in their power to fill that brain with nonsense. The suits brought for bird deaths in some cases and not others is precisely the sort of inequalities that our institutions were designed to prevent. Now that brains have been denied the teaching of sound logic, this sort of outrage will be the norm unless you can sway a handful of the powerful to radically abandon their bleak outlook.