China Blasts U.S.

[dollardaze]

China's official news agency criticized the United States government for Standard & Poors cutting of it's rating to AA plus. The news agency said that the U.S. government has to come to terms with the fact that it can no longer borrow its way out of messes of its own making.

Standard & Poor blames the problem partly on the fact that our government is playing politics instead of fixing the problem. Of course, members of our congress are quick to pile the blame on each other for the financial mess this country is in.

When will this problem be fixed? I'd say it'll be fixed as soon as our government gets it's head out of it's ass and decides that it needs to get real about the problem and quit making matters worse. Why is it that we, the citizens of this country are belittled for not being able to live within our budgets, but our country has no problem owing everyone that is willing to give it a hand out??

[moneysense]

One old fellow had the answer to fixing Americas economy. And here it is.

Please find below my suggestion for fixing America 's economy. Instead
of giving billions of dollars to companies that will squander the money
on lavish parties and unearned bonuses, use the following plan. You can
call it the "Patriotic Retirement Plan": There are about 40 million
people over 50 years old in the work force. Pay them $1 million apiece
severance for early retirement with the following stipulations:

1) They MUST retire. 40 million job openings - Unemployment fixed.

2) They MUST buy a new AMERICAN Car. Forty million cars ordered - Auto
Industry fixed.

3) They MUST either buy a house or pay off their mortgage - Housing
Crisis fixed.

It can't get any easier than that!!

P.S. If more money is needed, have all members in Congress pay their
taxes.

You have to admit that it makes a lot of sense.