Think the calamity developing in Washington over raising the debt ceiling is just an American problem? Well think again! The rest of the world, realizing that their economic prosperity is directly linked to what happens in Washington DC, are beginning to weigh in on the matter.
British Minister Secretary of State for Business, Vince Cable, called the developing debate over the debt ceiling “irresponsible,” according to this report on Reuters. Mr. Cable went on to describe the Republicans and Teaparty members who are fighting against raising the debt ceiling as “right-winged nutters.” He said;
“The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American congress rather than the euro zone,” he told BBC television.
For political reasons, Republicans are willing to destroy America and potentially the world’s economy, to protect the loopholes for a few millionaires.