How the world sees the U.S. shutdown
October 8th, 2013
11:24 AM ET

How the world sees the U.S. shutdown

By Jason Miks

As the U.S. government shutdown enters its second week, it is not just Americans wondering when the stalemate will be over – around the world, politicians and commentators have been weighing in with their take on how the U.S. got here, what happens next, and whether their own countries should be worried. GPS Digital Producer Jason Miks selects some of the highlights.

U.S. has been living far beyond its tax base

“For a generation or so, the American government has been living far beyond its tax base, with deficits since 1970 in all but four years. In 2010, it spent $1,900 billion more than it collected in tax – borrowing more than the entire GDP of Canada or India just to pay the bills. If the federal deficit has come down since then, total public debt is now well over 100 per cent of GDP, compared to less than 60 percent in the early noughties,” writes British Member of Parliament Douglas Carswell in The Telegraph.

“…Is it manageable? Perhaps. Maybe. Just about. Now imagine that interest rates return even half way towards their post-war historic average? Wipe out. The barely manageable will become completely unmanageable. Something is going to give. And I don’t mean in a philanthropic sort of way.”

China: We’re concerned

“China, the U.S. government's largest creditor, is ‘naturally concerned about developments in the U.S. fiscal cliff,” Vice Finance Minister Zhu Guangyao said in the Chinese government's first public response to the October 17 deadline in the United States for raising the debt ceiling,” Reuters reports.

“‘The United States is totally clear about China's concerns about the fiscal cliff,’ Zhu told reporters in Beijing, adding that Washington and Beijing had been in touch over the issue. ‘We ask that the United States earnestly takes steps to resolve in a timely way before October 17 the political (issues) around the debt ceiling and prevent a U.S. debt default to ensure safety of Chinese investments in the United States and the global economic recovery…This is the United States’ responsibility.’

Problem more serious than it appears

“America’s problem is even more serious than it appears. America is now two artificially created countries, operating in parallel. There’s the country that chooses presidents, and the one that can only rail righteously against them,” argues Waleed Aly in the Sydney Morning Herald. “The country where funding the government is a matter of sensible routine, and the country where shutting down the government is a badge of pride, a slogan you can sell. The Republican Party is going to have to figure out which country it wants to rule because these countries cannot be reconciled.”

“They won't be until every state hands over the power to draw electoral boundaries to an independent, non-political body. In the meantime, the Republican Party is trapped in a bubble largely of its own making.”
Singapore: U.S. diplomacy dented

“The federal government shutdown has dented the United States' diplomacy and restructuring efforts at home, Singapore Prime Minister Lee Hsien Loong has said, though he believes the country is vibrant and resilient and welcomes it remaining a powerful force into the future,” the Straits Times reports.

“‘It is... not helpful for the American political system to be in gridlock when you have to make some basic decisions on how to keep your fiscal state in balance in the long term, and how to strengthen your competitiveness over decades.

“‘…Obviously we prefer a US government which is working to one which is not, and we prefer a US President who is able to travel and fulfill his international duties to one who is preoccupied" with domestic issues…America is a very important partner for us, but we understand his [Obama’s] problems and his priorities and we hope he'll be able to resolve them quickly."

Shutdown just a precursor to debt fight

“In Washington, capital of the democratic superpower, an impasse in Congress has thrown the U.S. federal government into a shutdown because the Republican-led House of Representatives insisted on passing the federal budget only if the Democrat-led White House and Senate agreed to delay President Barack Obama's healthcare reform legislation,” Taiwan’s China Post notes in an editorial. “The shutdown came at a time when the US is facing once-in-generations challenges with high unemployment rates and a stagnated recovery from the Great Recession.”

“The even sadder fact is that this shutdown is widely seen as a mere precursor to the upcoming congressional fight over the U.S.'s debt ceiling. If Congress fails to pass a ceiling hike, the US will have to default on its debts for the first time in history. Many economists said they simply have no idea what the consequences of such an unprecedented event will be. Some who dare to guess said the negative impact on the economy could be on the scale of the Lehman Brothers collapse.”

GOP mortally afraid of its base

“The Republicans have kept insisting that the people will eventually thank them for this inconvenience, but they know the polls are negative and they know they are getting more blame for the shutdown than the Democrats,” writes Robert Fulford in Canada’s National Post.

“They probably don’t like being a joke on television, and no doubt they have a normal fear of public opinion. But they fear something else more: They are mortally afraid of the Republican party base. The base hates Obama and hates Obamacare even more. So any hint of compromise over the financing of the Affordable Care Act would be considered an outrage.”

South Africa: We should all fear worst

The global community “should fear the worst over the U.S. debt crisis and shore up its economic defenses accordingly,” South Africa’s finance minister said Monday, according to Reuters.

“Pravin Gordhan said there was a ‘heightened sense of anxiety’ among the world’s investors and policymakers. ‘This is clearly an issue that might go to the brink. All of us need nerves of steel at this point,’ Gordhan said on the sidelines of a conference in London. ‘We need to anticipate the worst and hope that we all have sufficient defenses in place.’”

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Topics: Economy • Politics • United States

soundoff (159 Responses)
  1. Allan Kinsman

    So goes the dollar so goes America. If congress cannot solve it's money problems all American's can give up any further considerations of having their children growing up in a safe world. Starting today saving America is tied to balancing a realistic budget. We need to fiqure out a way to pay our debt to foreign governments which will have more to do with the internal workings of our country. Congress is doing more to impact freedom because of the their incompetence with money.

    October 8, 2013 at 11:44 am | Reply
    • ✠RZ✠

      Agreed! This whole thing is just so incredible you would almost think it must be part of some bigger overall agenda (?). Nahhhh!

      October 8, 2013 at 12:00 pm | Reply
      • j. von hettlingen

        The world has enough of this political theatre. The partisan brinkmanship led to the downgrade of America's creditworthiness in 2011. Perhaps just because the US didn't head for a double-dip recession and the downgrade didn't raise the cost of US government borrowing, politicians in Washington have adopted a sense of complacency and wait to decide at the last minute. Wrong. It might be too late, because angst and the herd mentality could be detrimental. People are already nervous.

        October 8, 2013 at 3:42 pm |
      • paddy

        What are you going to do about it?
        I'm just a helpless spectator.

        October 8, 2013 at 10:26 pm |
      • ✠RZ✠

        Hey Paddy, hopefully I'm doing the right thing. Preparing as best as I can (since 2008) and trying to help the same.
        Thanks for asking.

        October 9, 2013 at 2:18 pm |
    • Ted

      So when Bush takes Clinton's $700B surplus into a $9 Trillion deficit thanks to two wars and dropping taxes on the wealthy more than 10%, nobody's screaming – let's balance the budget. But when almost Obama doubles it, due to Bush's low tax on the rich and expanding welfare programs, now we have to balance it? Bring back up taxes for the rich and cut welfare. Rich who became even richer MUST pay for their wars and insane profits made out of Bush collapsed economy.

      October 8, 2013 at 3:42 pm | Reply
      • Dean

        Once again, if Bush had a surplus of money then why did the national debt rise every year he was president? All you financial experts in the audience should learn the difference between a surplus and a BUDGET surplus.
        I make 100,000 a year and have a budget of 100,000 and only spend 90,000, I have a surplus. I make 100,000 and have a budget of 200,000 and only spend 190,000, I have a BUDGET surplus but am still going in debt more.

        October 8, 2013 at 4:22 pm |
      • UNcle Rico 82

        Whose saying that we were happy with what Bush did either. So if Bush is so hated, and he got us into a crazy an=mount of debt, than you should hate Obama also for continueing Bush's plan of action... spend more.

        October 8, 2013 at 4:49 pm |
      • Andrew

        You are confusing two different statistics. Clinton had a 700 Billion budget surplus, meaning the US collected 700 Billion more than it spent when he left office. George Bush took the national Deficit (money we owe) up 9 trillion while in office. It would be nearly impossible to have a budget deficit of 9 trillion in one year, or to eliminate the National Deficit entirely. The US has owed at least a little money to someone since Andrew Jackson was President.

        October 8, 2013 at 9:05 pm |
      • stockmanSGP

        Please stop the blaming and bickering game.... work on a solution.....

        President Obama has to act like the president, reach out to two parties and work out a solution to end the crisis and to start working on national priorities – to weed out programs which are not beneficial to America(ns)...... Please take accountability, we hired the president for his leadership to this country.

        October 8, 2013 at 10:06 pm |
    • your all insane

      This can only mean one thing....MORE TAXES!!!!!
      The masses will love that.

      October 10, 2013 at 10:26 pm | Reply
      • your all insane

        maybe theres hope people, lets pray together and have faith. I'm being sincere

        October 11, 2013 at 2:48 am |
  2. Mike

    Bottom line is the GOP doesn't care about the welfare of the country. They care about the corporate moguls that control their every move.

    October 8, 2013 at 12:07 pm | Reply
    • David A.

      I disagree. The Tea Party faction within the Republican Party cares to much. They believe they can save the fiscal economic future of the US by pressuring for cuts now.

      The problem is that nobody (including their voter base) understood what those cuts meant and now they are beginning to feel them and the kinks are showing in the armor.

      Frankly, I think the Republicans will be the losers in this political battle and that is unfortunate because their message of demanding ways to manage our debt is sound. Their Democratic counterparts care nothing for debt control and continue to push for ways to do cradle to grave care for the masses. But if the Republicans are right, eventually this push to ensure the fiscal security of the entire nation's people is going to prove far to burdensome to manage and we will default on our debt.

      For many it is not a question of if but when.

      October 8, 2013 at 2:29 pm | Reply
      • Rick

        The fact that the Republican Party seems unable to control their extreme right goes beyond appearances. They are being allowed not only to harm the Republican Party but the country as a whole. There seems to be no place within the party for any desenting, negotiation or compromise.

        October 8, 2013 at 3:28 pm |
      • What

        Thats funny that you complain that the Republicans are not willing to compromise, Rick, when the Senate and the President have refused to compromise from the beginning. When you can't pay your bills what do you do? do you tighten your belt or get another credit card? I myself will cut the spending, as I have already had to do, and live within my means without all the wants I desire whether I'm a democrat or republican.

        October 8, 2013 at 4:36 pm |
    • paddy

      You're right.

      October 8, 2013 at 9:44 pm | Reply
    • paddy

      And fail to see they are shooting themselves on the foot.

      October 8, 2013 at 10:19 pm | Reply
  3. jatwood4

    Hear, hear!!!

    October 8, 2013 at 12:09 pm | Reply
  4. Rosslaw

    The extreme sharia-law oriented right wing of what is left of the GOP have artificially concocted a "crisis" which can now be resolved with a vote in the House that Boehner will not allow. So if Obama is right the crisis can end now with a vote in the House-therefore Boehner will not allow a vpte tp end the crisis because Obama is causing the crisis-got it?

    October 8, 2013 at 12:16 pm | Reply
    • UNcle Rico 82

      'If Obama is right'

      and if he's not, will he change, or will he continue in his devoted ignorance.

      October 8, 2013 at 4:38 pm | Reply
  5. Thanda Aung

    The most important thing is how to resolve the problem, not blaming each other, Republicans or Democrats, who ever. I hope president can find the solution soon.

    October 8, 2013 at 12:33 pm | Reply
    • Raja

      Feel the same. Hope Americas will back to work soon, God bless America and Americans 🙂

      October 8, 2013 at 12:55 pm | Reply
  6. Tzion

    This is "American Exeptionalism" for you – America is exceptionally in debt!! The largest debtor nation the world has ever seen and eventually the largest collapse of an empire in history. But the politicians you elected will all be safe, secure and rich because they've been pocketing money for themselves and their special interests for decades...all on the taxpayers' backs.

    October 8, 2013 at 12:54 pm | Reply
    • Mike

      I really like your comment.

      October 8, 2013 at 1:29 pm | Reply
    • DarrellSF

      Try Corporate Exceptionalism. If they actually paid taxes, we wouldn't be in this mess. No taxes coming in from corporations, and more citizen tax money being funneled to the corporations as "rebates".

      October 8, 2013 at 1:51 pm | Reply
      • Frank

        Government controls the tax base. If big corporations don't pay a fair amount in taxes, it's because the government allows it. How many of us would pay less taxes if we could, as opposed to more. Corporations are not to blame for being allowed to pay less in taxes.

        October 8, 2013 at 4:10 pm |
    • miria

      right on, but how much will cash be worth if there is no resolution? what happened to cash and carry?

      October 8, 2013 at 3:01 pm | Reply
    • Dean

      If able, every American should be stocking up on gold, silver and lead.

      October 8, 2013 at 4:24 pm | Reply
      • Canada

        try water, and food.

        October 8, 2013 at 4:44 pm |
  7. Bill

    I think the end game is for the Republicans (Tea Party) to fail the U.S. into default and somehow blame Obama and the Democrats. They want to be able to point a self righteous finger and say ' worst president ever " now you NEED us to make it right. This is what happened in the 30's and how a relatively small fascist group was able to take over and we know how that ended up. Their hatred for President Obama overrides any logic, good sense or reason. They will take the country down to create chaos in the hopes they can prevail.

    October 8, 2013 at 1:46 pm | Reply
    • paddy

      The world is watching.
      Can't be fooled.

      October 8, 2013 at 9:59 pm | Reply
  8. DarrellSF

    You know what? Quit the crud about living beyond our tax base! That's a bunch of malarkey! The United States Government is running programs that keep the United States safe, whether from foreign enemies, caustic chemicals, or food-born illnesses. The US Government makes sure hard working people have enough money to end their lives comfortably after a 5-or-more decades of work, whether through Social Security or Medicare. And the US Government runs programs to protect the weak, house the homeless, and feed the hungry. These are NOT living beyond our means–these are necessities for a healthy, vibrant society!

    Here's how it should have read: Corporations have shortchanged the US Government and Citizens by refusing to pay a fair share of taxes to pay for their security. They use highways, roads, and bridges, but never pay for their upkeep. They use the power grids, without paying taxes into our public systems. They use rail, truck, and air to transport their goods, never paying into the programs that protect our environment from their destructive products and chemicals. And the General Fund of the US Government ends up funding the costs, sucking more and more money away from protecting the country and citizens as it should.

    How's that for a summation as to how AMERICANS feel about the US Federal Government Shutdown??? Cut the crud about a "bloated" government! That's a total lie! Government Agencies employ millions, and protect the lives of the rest of us. It works to keep our environment healthy so we can stay healthy and be more productive. And this keeps the money in the economy moving. If you want to talk about Bloated, look no further than our Corporations!

    October 8, 2013 at 1:48 pm | Reply
    • Larry McMasters

      We are broke you fool.

      October 8, 2013 at 4:10 pm | Reply
    • Frank

      Spend more than you make for ten years, then get back to me on that.

      October 8, 2013 at 4:13 pm | Reply
    • UNcle Rico 82

      'Government agencies employ millions'

      And where does that money come from. The government does do many things that are important, and should be funded, like you said, but they need to get out of, COMPLETELY, the things that they are not needed in. Why do we fund bankrupt environmental agencies, television and radio, and keep on the dole those that live by generational, GOVERNMENT INDUCED, welfare.

      October 8, 2013 at 4:44 pm | Reply
    • Mark

      You're a dope. It's people just like yourself, with a mentality just like yours that makes working on this mess so utterly hopeless. It's hard to work collectively on a problem when people like yourself don't even recognize the source of the problem.
      I assume the SF is San Francisco. Typical.

      October 8, 2013 at 5:41 pm | Reply
  9. Toni

    GOP base equals modern day KKK. a white house cannot be occupied by a none white..pure and simple..
    so damn all consequences, and throw a wrench every chance you get to make governing impossible..and funny they said so right from 2008...Toni from Germany

    October 8, 2013 at 1:52 pm | Reply
    • JOHN

      Duh...that's why it's called the White House.

      October 8, 2013 at 2:42 pm | Reply
      • Green_Tree

        White as in ghost or chalk or clouds, not Pink (House) , or shade of pale yellow (house) as in colour of skin of Tea Partier, KKK.

        October 8, 2013 at 6:40 pm |
      • Emkay

        LOL, hilarious!!!

        October 8, 2013 at 8:53 pm |
    • Larry McMasters

      Toni, you are a moron. Too bad your ancestors were not some of the people the NAZI's killed. Germany would be a better place without you

      October 8, 2013 at 4:09 pm | Reply
      • Canada

        seriously... he has a point. this is the most embarrassing point in American the rest that love America, and just want to be healthy and happy... I'm very sorry for you guys...

        October 8, 2013 at 4:31 pm |
      • jbcksfrt

        @Larry McMasters: Simply an awful comment. Whatever merit your economic ideas may have (but probably not) is completely wiped out by comments like this because no one will take you seriously for the rest of this thread.

        October 8, 2013 at 4:33 pm |
  10. Toni

    And Fareed i love your objective analysis at the beginning of your show...
    very precise.

    October 8, 2013 at 1:55 pm | Reply
    • JOHN

      DUH...That's why it's called the White House.

      October 8, 2013 at 2:41 pm | Reply
  11. Mark O. David

    So we as americans are supposed to worry about how china is taking the US policy/debt issues?NO! the China holds 7+% of the t-bills that comprise the National debt.The social security trust fund hold 18+% ! the issue is not with China. It is pay back time to Americans who worked hard their whole life and had to watch The Military Industrial Complex STEAL the retirement potential from Americans.Line up congress and shoot them dead.They have had their day.

    October 8, 2013 at 2:15 pm | Reply
  12. dT

    Better start learning Chinese...

    October 8, 2013 at 2:26 pm | Reply
  13. JOHN

    Good presidents NEGOTIATE on both sides of the isle. Ronald Reagan and Bill Clinton both did these things.

    October 8, 2013 at 2:43 pm | Reply
    • darrellaz

      Good presidents don't NEGOTIATE with anarchists

      October 8, 2013 at 7:40 pm | Reply
    • Darin

      Good Presidents don't negotiate with terrorists.

      October 8, 2013 at 10:27 pm | Reply
  14. Clarence LeBlanc

    Those who caused the shut down could care less what the rest of the world thinks. They are so ethocentric they have no concept of the rest of the world. They could not find the rest of the world on a map. Nor to they have the slightest understanding of what defaulting even means. All they understand is bad things will probably happen and they can blame the black man with the funny name. They are the anchor the US must drag kicking and screaming into the third millenium. They want small goverment because they have no idea what most of the goverment does. Who cares about the future...a middle eastern pallestinian should be arriving any day to save them. The funny thing in most red states he'd be shot. The President has to get together with the real GOP and by pass these quasi retarted Tea Party freaks and get on with it.

    October 8, 2013 at 2:54 pm | Reply
    • ELLIOT

      "Could not care less"******

      Not "Could care less".

      October 8, 2013 at 11:59 pm | Reply
  15. Fish

    I'm very concerned about our troops abroad, besides Afghanistan the USS George Washington is in Korea as we speak, what better way for a new NK leader to get street cred??? We cannot allow a few sick pols to put our troops in danger this way, it must end now before something terrible happens. This transcends politics this is a matter of life and death now!!! Not to mention those requiring medical treatment, food rent etc.. from SS Medicare, Medicaid for seniors nursing homes. Irresponsible is not a strong enough word!!!

    October 8, 2013 at 3:09 pm | Reply
  16. grazysmart

    Sound like non bloodbath civil war between GOP and Democratic party and destruction from this war is huge. Where should I move my family to CANADA until the type of civil war end. I'm glad there are no tanks and troops and helicopters fly over on the streets and sky of Wa D.C

    October 8, 2013 at 3:23 pm | Reply
    • Tom

      sorry we're full

      October 8, 2013 at 4:04 pm | Reply
      • Canada

        lol, we can take just a few extra, and we get to pick.

        October 8, 2013 at 4:29 pm |

    A nation under severe judgement.

    October 8, 2013 at 3:31 pm | Reply
  18. Larry McMasters

    The world can lick my brown eye blue.

    October 8, 2013 at 4:06 pm | Reply
    • Ville

      End of US dominance is near, its more likely u are the one ending up on your knees kissing other countries "chokoholes" sorry
      Perhaps u should instead of kissing republican corporate chochoholes kiss your own ten leagal commandments.
      Start using second commandment right against corporate republican criminals!

      October 8, 2013 at 5:14 pm | Reply
      • Patrick

        Ironically, the US is using wisdom to ensure that our dominance will be fortified. By standing up to reckless spending we grow our resolve and maintain our leadership on the world.

        October 8, 2013 at 9:45 pm |
  19. 61oakshade

    This is a joke, we are the laughing stock of the world. I hope the American people remember, we as tax payers demand term limits for all. No more perks and NO pensions for any serve less than 15 years, the majority of the American workers are not vested in a pension plan unless they have been with the same employer for at least 15 years. Furthermore, they should not be exempt to ACA (Obamacare), we pay for their benefits, and we as tax payers want to save money. Cut their benefits and a good chunk of the deficit will be eliminated.

    October 8, 2013 at 4:13 pm | Reply
  20. Rick McDaniel

    Obama is taking the U.S. into a self-destruction. That is, indeed what he always intended to do.

    October 8, 2013 at 5:05 pm | Reply
  21. Steve

    Keep it shut down. Our forfathers only met a few times a year so should we. We keep making so many rediculous laws it makes me sick. And stop putting that liar (Obama) on TV everytime I hear him talk I wanna punch him in the mouth!

    October 8, 2013 at 5:21 pm | Reply
    • Mark

      Amen Steve.

      October 8, 2013 at 5:47 pm | Reply
    • Darin

      Times are a little more complex these days, but if you want your powdered wig back and no infrastructure to connect your cabin in the woods to the world go ahead.
      America has been allowing big business and the wealthy elite to avoid paying taxes while duping the vast middle income workers with the idea that it is their taxes they are minimising, thus providing the GOP with a base. if you want to be a first world country you need infrastructure and services. These take money. You have been forgetting to send out the bills to those that can afford to pay. the clock is counting down, and it wont be the fault of the people spending that brings you down. Economies have two sides.

      October 8, 2013 at 10:33 pm | Reply
  22. drowlord

    So, the British Parliament member has a sensible take on it. The Chinese Finance minister makes a solid statement. The South African Finance minister, too.

    All the garbage comes from nameless opinion-piece writers for every other country. What is America's stance on Angela Merkel? Well, let's refer to an uncredited op-ed article from a random newspaper published in America to find out.

    October 8, 2013 at 5:31 pm | Reply
  23. Mr. Citizen

    So, if Congress and the Senate pass a bill to fund the government and the President vetos it, great. Then they can pass it into law with 2/3 vote and debate over. Easier said then done, but really our system has checks and balances, quit pointing and start writing. I was always told that if your not part of the solution, your the problem.

    The fate of the future elected leaders has been sealed already, i'd expect that the next few getting voted into office will win on the issues of tying thier salaries to the GDP and helping businesses expand, which is how we became a rich nation; not on social programs.

    Federal government,
    Priority 1: Protect the nation,
    Priority 2: Regulate interstate commerce,
    Priority 3: Treaties with foreign governments to open trade
    Priority 4: Enact laws that ensure the previous 3 priorities.
    Any questions?

    October 8, 2013 at 5:32 pm | Reply
  24. Mr. Citizen

    Serving in Washington DC is not a position but a privlege to represent your community, county, state.

    October 8, 2013 at 5:35 pm | Reply
  25. Terry

    Yet we keep allowing and encouraging thirdworld noncontributing service suckers to come here.

    October 8, 2013 at 6:47 pm | Reply
  26. Deborah Marquit

    Wanna stop the govn't shut down? Govn't employees must go to work anyway! The Government is BY THE PEOPLE AND FOR THE PEOPLE, if the employees "CARE" genuinely, SHOW UP FOR WORK and make Boehner look foolish, you cannot hold him alone accountable, since you are like sheep, listening to what is told to you...take a lead and start opening the government offices and services on your own!!
    if you work for the govn't, you already have the keys! locked the door on command to obey, obey who? the people ARE the Govn't..., so you open the door with your OWN VOLITION...someone in history may have said this, but if not , I am saying it, "TAKE or it shall be TAKEN" That is the government works for US...and we ARE THE GOVEN'T, so don't stay home and wine about it, go back to work, you will eventually get paid anyway!!!

    October 8, 2013 at 7:28 pm | Reply
  27. Joe

    Would it be too much to ask to require politicians to ensure that the government didn't spend more money than it collected? The answer to this problem is very simple – live within your means!

    October 8, 2013 at 8:34 pm | Reply
  28. Mike

    Lets go pirates, going to the world series!!!! Who's with me?

    October 8, 2013 at 9:22 pm | Reply
  29. Patrick

    I honestly think the opposite – if I were living abroad, I would be thinking – "good for the Americans for facing up to a problem and fighting to correct it – not letting what happened to Europe happen to them". I really do believe that in all honesty – you have to admire that many in the leadership see the fiscal cancer and understand the risk of not responding.

    October 8, 2013 at 9:43 pm | Reply
    • ELLIOT

      Trust me, you would be the only person living abroad that thinks that. Mean while the rest of the world is terrified America will tank the global economy.

      I'm an Aussie, we have one of the strongest economies in the world (I think we are currently 11th and climbing, keep in mind we have only approx 23 million people), America's economy defaulting on their debt would spell doom for our economy too.

      This is global issue and isn't something that should be messed with or trivialised.

      October 9, 2013 at 12:03 am | Reply
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