Woke up this morning and got my first major laugh of the day. China has spoken. You know that country that we are around 1.3 trillion dollars in debt to? They responded to the S&P downgrade late yesterday and I am still trying to figure out if this is ultimate schadenfreude or irony times ten. Perhaps Ultimate Karma?
Wasn’t it a few years back around the time that “brown” person who currently resides at 1600 Pennsylvania Avenue got elected, the economy was on the brink of disaster(setting precedent), and the media and the forebears of the current “Tea Party” movement, blamed all the turmoil on Wall Street and the housing market on – “those who lived outside their means – purchasing items that they knew they couldn’t afford” How damn funny/ironic is it that the United States of America is chastised like a little child by China who invokes those very same words.
“Washington needs to cure it’s addiction to debts – and live within it’s means” Sidesplitting laughs I tell you.
“The US government has to come to terms with the painful fact that the good old days when it could just borrow its way o ut of messes of its own making are finally gone.”
So does this mean the United States will be going to one of those Credit Repair joints for “Credit Counseling”?
I think I need to invoke Inigo Montoya right about now with remarks directed specifically at the GOP and all their Tea Party minions – um the words “Debt Ceiling” and “Macroeconomics” – I don’t think they mean what you think they mean.