As China weighs in on the Government shutdown

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From the UK The Independent:
Get your fiscal house in order: China warns US as superpower expresses concern for $1.3tn of investments
China, the biggest foreign creditor of the United States, has waded into the American budget crisis, warning Congress that it must resolve the political impasse over the debt ceiling without further delay.

The Chinese Vice Foreign Minister, Zhu Guangyao, told America�s deadlocked politicians on Monday that �the clock is ticking� and called on them to approve an extension of the national borrowing limit before the federal government is projected to run out of cash on 17 October.

�We ask that the United States earnestly takes steps to resolve in a timely way the political issues around the debt ceiling and prevent a US debt default to ensure the safety of Chinese investments in the United States,� Mr Zhu told reporters in Beijing. �This is the United States� responsibility,� he added.
And of course, there is this wonderful bit of bias:
The American government entered its seventh day of shutdown on Monday, following the failure of Congress to approve the national budget a week ago. And there was little sign of progress on the still more crucial issue of the fast-approaching �debt ceiling� deadline. Yet rather than indicating a willingness to negotiate, the Republican Speaker of the House of Representatives, John Boehner, stated on Sunday that it was �time for us to stand and fight� over the budget. He added that a default was �the path we�re on�. American stock markets opened down in response to the belligerent comments yesterday, with the S&P 500 Index of leading shares shedding 0.5 per cent.
My two emphases: One half of Congress - the House of Representatives have passed several bills to fund the government. Harry Reid in the Senate has prevented these bills from coming up for a vote in the Senate. Also, this is not a budget, this is a continuing resolution. There is a big difference -- the Senate has not filed a budget in several years. The budget that Obama submitted in his first year was voted down unanimously -- not one vote to approve. Damn straight it is time to stand strong -- the Republicans are trying to defund Obamacare. Obamacare is a train-wreck waiting to happen. If Obamacare was so great, why did all of the Unions and all the government employees wrangle to get exempted from it. The article provoked over 1,370 comments -- worth skimming some of them. They are all pretty much on the same page.

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This page contains a single entry by DaveH published on October 7, 2013 9:24 PM.

Now this could be interesting - fusion power was the previous entry in this blog.

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