[Pan_Yan]

I couldn't resist posting this. The title qualifies to be in the running as one of the most ridiculous statements of the year.

[stevie_d_64]

You are right...Who could possibly believe anyone in Asia would give a rats arse if we borrow anymore??? They already own us, so who could imagine anyone of any authority in Asia would even pose such a PR type question...

This is a floater being put out to the press to get them to send signals to generate a reaction...

Watch the opening bell tomorrow...

We’ll have a nice little selloff before the end of the day...

[Blood of Tyrants]

Translation: Obama plans to spend just as much but tax more.

[myknowledge]

[Carry_Okie]

Barack Obama assures Asia that US borrowing will not spiral out of control,

Because it has already been out of control for decades.

[devolve]

[politicalmerc]

President Barack Obama has promised Asia's creditor nations that Washington will not let US borrowing spiral out of control, vowing a major drive to cut the budget deficit and restore global confidence in the US dollar.

Too late!

[luvie]

Barack Obama assures Asia that US borrowing will not spiral out of control...

This from the man who lies every time he opens his mouth!

[April Lexington]

Let me translate this one for you, Mr. Wen.... BUY GOLD!!!!!!!!!

[Tzimisce]

Don’t worry Asia - we’ll “draw” you a profit. :)

[jonathonandjennifer]

The assurance comes amid growing doubts across the world over the wisdom of White House spending plans. The US Congressional Budget Office expects the deficit to remain around $1.8 trillion (£600bn) as far ahead as 2019 under current plans, pushing the US national debt into the danger zone.

The October "emergency" stimulus was neccesary to save the world financial system from immediate collapse due to some bad mortgage loans, but it will now take deficits of $1.8T per yeat 'till 2019 to push the debt into the "danger zone"?

WHAT?

[businessprofessor]

On this point, I agree with our dear leader although the method to avoid borrowing will be different than he envisions. We will not be able to borrow to fund our monstrous deficits. We will simply roll out the printing presses.

Obama makes an important qualification about his plans. He indicates that the borrowing will stop when the economy recovers. The economy is not recovering at least as we are usually accustomed.

[TheDailyChange]

Just remember your new role in the new ecnonomy, volunteering for Americorps.

Just kidding

[rcrngroup]

President Barack Obama has promised Asia's creditor nations that Washington will not let US borrowing spiral out of control, vowing a major drive to cut the budget deficit and restore global confidence in the US dollar.

"As the economy recovers, I intend to take serious steps to reduce America's long-term deficit," he told the Asia-Pacific Economic Co-operation (APEC) forum in Singapore. "Debt-driven growth cannot fuel America's long-term prosperity."

Yeah, starting when you dumb ass 0bozo???? So far you've done everything you can to destroy our economy and bankrupt our country. Stay the hell out of our country and don't come back!!! That would really be the first step towards recovery.

[rlmorel]

Ummm....