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CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over" [View All]

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CleanGreenFuture

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Sat Aug-06-11 10:59 AM
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CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

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China's official comment on the S&P downgrade was harsh and condescending. Released through Xinhua (via Reuters) the statement condemned America for its "debt addiction" and "short-sighted" political wrangling.

"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 wrote.

Read more: http://www.businessinsider.com/china-debt-addiction-short-sighted-2011-8#ixzz1UGURd0wF

There are two more paragraphs to the article so please go read them.

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