China and Russia blast US for not taking Tea Party debt plan
Well, that’s what the headline should read.
Russia last week, China this week;
China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit.
Note they were not impressed by the bi-partisanship, nor that the debt limit was increased, as is being claimed in some media circles, but they focused “like a laser” on our runaway borrowing.
Chart can be found here.