The Oval: Tracking the Obama presidency: "Li Daokui, an adviser to the People's Bank of China, told reporters in Beijing, 'I think there is a risk that the U.S. debt default may happen.' And he puts the blame on congressional Republicans. 'The result will be very serious and I really hope that they would stop playing with fire,' he said.
Ok. What do you do when you are racking up too many credit card bills? Go out and charge more? Ask more banks to send you another card since the ones you had been using just don't work the same any more? Lunacy! This is exactly what the current Administration is proposing.
The answer is that you need to cut back on your expenses and live within your means. Whacky idea. Now our "friends" in China feel compelled to opine on the goings-on over here. How about they concentrate on building their first aircraft carrier...with our money. Yes. That's right. China is building its first aircraft carrier. Why? Do we answer that question or just stick our heads in a hole as we have been doing for decades now? It is obvious. They wish to supplant the United States as the world's sole super power. They are doing it with currency, the economy, and the military.
