Thursday, October 17, 2013

China on the US Debt Deal:"Prolonging the fuse on the debt bomb one inch longer"

"[P]oliticians in Washington have done nothing substantial but postponing once again the final bankruptcy of global confidence in the U.S. financial system," government-run Chinese news agency Xinhau said today, according to CNN.

Wednesday's vote, the commentary said, "was no more than prolonging the fuse of the U.S. debt bomb one inch longer."

And a Chinese credit rating agency Dagong downgraded the United States, saying the deal did little to change the outlook for the country's financial condition.

1 comment:

  1. Typical government miscalculation. How does 4 months equal 1 inch?