12 June 2011

No need to panic, folks...

...I'm sure the Car-Salesman-in-Chief has everything under control...

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.

"In our opinion, the United States has already been defaulting," Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings.


Anonymous said...

should we re elect the morons that got us there in the first place?

Gee. That sounds reasonable.

The same doofuses are busy trying to force the country into a great depression.

Dylan said...

Blame Ronnie Reagan, Bush sr. and Bush jr. for the current state of affairs stateside.

The Laffer Curve

I doubt you've ever heard of it.

syncrodox said...


It's a good thing the Chinese don't hold a lot of American debt...oh wait..