Saturday, August 20, 2011

Hi, I’m Joe Biden, Can we have some more money?

As God is my witness, this could be Neville Chamberlinesque in its stupidity. This from CNS News (emphasis mine):

Vice President Joe Biden told Chinese Premier Wen Jiabao today that the United States appreciates China's investment in U.S. government debt.
"We appreciate and welcome your concluding that the United States is such a safe haven because we appreciate your investment in U.S. treasuries," Biden said.

INVESTMENT IN THE U.S.? are you freaking kidding me? There is no investment here. The Chinese are simply supporting The U.S.'s ongoing transfer of wealth. It used to be from the so-called rich in the U.S. but not we are borrowing from the Chinese to fund our entitlements nonsense that we cannot, and never will be able to sustain.

This insanity is beyond the pale. Joe Biden, the Vice President of the United States of America, is thanking the (Bad word of your choice here, mine starts with an 'F') Chinese for sustaining an entitlement program that has no hope of ever being viable. Uggg, somebody help a brother out here. This idiot is cow-towing to the Chinese so that they will keep buying our bonds so the U.S. Government can continue to live beyond their means. I said it before but it bears repeating - Ugggg!


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