Custom Search

Monday, September 07, 2009

Quote Of The Day Comes From China

The Telegraph has an article describing the financial mess the US is in, the out of hand borrowing and spending as well as just printing up money like mad and the ramifications, via inflation, that is coming down the road.

The quote of the day comes from Cheng Siwei, former vice-chairman of the Standing Committee and now head of China's green energy drive and it gets right to the heart of the matter.

"The US spends tomorrow's money today," he said. "We Chinese spend today's money tomorrow. That's why we have this financial crisis."


One would think that is simple common sense, something rarely found in our politicians these days.

.