China and Russia blast US for not taking Tea Party debt plan

Well, that’s what the headline should read.

Russia last week, China this week;

China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit.

Note they were not impressed by the bi-partisanship, nor that the debt limit was increased, as is being claimed in some media circles, but they focused “like a laser” on our runaway borrowing.



Chart can be found here.


About Erick Brockway

Living in Camarillo, CA, about 45 miles North of LA. I have a son, and two daughters. Working two jobs (welcome to California life), plus a (now retired) reservist in the US Navy Seabees so life is busy!
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