[TexGrill]

Global business tip

[FredZarguna]

Those dagong Chineses is messin’ with us again!

[RC one]

failed to address the root cause of its debt issue

No mention at all of what the Chinese perceive the root cause of our debt issue to be. How interesting.

[Cringing Negativism Network]

So there’s a simple enough solution:

Bring American factories, back to America.

Just saying.

[cripplecreek]

saying an agreement reached by Congress to raise the government’s borrowing ceiling failed to address the root cause of its debt issue.

Sadly they're absolutely correct.

[Brad from Tennessee]

“The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged,” Dagong said in the statement, adding Washington's solvency was vulnerable as old debts were still repaid through raising new debts.

“Hence the government is still approaching the verge of default crisis, a situation that cannot be substantially alleviated in the foreseeable future,” it said.

http://www.france24.com/en/20131017-chinese-agency-downgrades-us-credit-rating

[Vince Ferrer]

The only thing that matters is the ten year treasury rate. If ratings hurt rates, it costs us more.

[mrsmith]

Heck, higher yields are great for investors- except the FED LOL!

It’s about time the gov started paying investors more for the use of their hard-earned money.

[Mark]

But global warming is the biggest problem.(/s)

[dr_lew]

In practice however, the answer is no, for four reasons.

First, because the United States of America is too big to fail. Second because the United States of America is too big to fail. Third because this is obvious, and fourth, what I just said.

[Lurkina.n.Learnin]

Has Obama came out and blamed the tea party for this yet?

[TBP]

Many countries have defaulted an they’re still standing.

[TBP]

We ought to keep Chinese trash out of our country, or at least make it so prohibitively expensive that nobody will buy it.