China: ‘No more borrowing’. Didn’t the US just raise the debt limit so they could borrow more?
“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,” China’s official Xinhua news agency said in a commentary.
CHINA: ‘Good old days’ of borrowing are over…
http://www.reuters.com/article/2011/08/06/crisis-idUSLDE77504R20110806
The liberals have spent this country into bankruptcy and now they are again saying we need some new jobs programs and to invest in infrastructure. Same old solution……spend more money.
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