 Wednesday, February 22nd, 2012
Walker: "We Shouldn’t Be Surprised at Downgrade" – August 7, 2011David Walker, the former U.S. Comptroller General, says he's not surprised that Standard and Poor's downgraded the U.S. credit rating for the first time in history. He says the U.S. needs to do more to reduce the deficit during the next decade. (Aug. 6) Brought to you courtesy Associated Press
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Firstly USA has acted to best of its ability as a global help often getting it all wrong but its USAID has saved many a nations people. One need to understand that PRC shut down for 30 years and is still addressing many of its ancient laws up to 2011 level. It is suffering most serious land water air degradation without the money or skills to fix such. So while USA Dollar commodity is damaged the PRC baseline assets soil water vegetation atmosphere are so badly damaged it is buying land to grow food across the world including Australia.
Unless there is a serious global initiative to restore the real baseline assets the USA financial problem is but a blip on the screen for our Children to address. CO2 builds up pushed by mass deserts and volcanic activities to a potential global cooling reality. Robert Vincin
I spent past 6 years in PRC sat on UNCTAD UNFCCC from 1996-01