Putin: U.S. a ‘parasite’ on the world economy

[babsbunny]

Putin: U.S. a ‘parasite’ on the world economy

http://www.rawstory.com/rs/2011/08/01/putin-u-s-a-parasite-on-the-world-economy/

By Agence France-Presse
Monday, August 1st, 2011 -- 7:22 pm

SELIGER, Russia — Russian Prime Minister Vladimir Putin on Monday accused the United States of acting as a "parasite" on the world economy by accumulating massive debts that threaten the global financial system.

"The country is living in debt. It is not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite," Putin told a group of pro-Kremlin youth in central Russia.

US President Barack Obama on Sunday announced an 11th hour debt deal that will allow the country to avoid its first default in history while pushing ahead with a painful austerity plan designed to slash Washington's swelling debt.

The deal was met initially with relief on global financial markets and saw Moscow's two stock exchanges open the day up about two percent but investors then began to have doubts about the plan and gains were reversed sharply.

[fascisthunter]

1. we are being run but madmen and women

these uber-capitalists are fanatics!

[Octafish]

2. Guess Poppy should've sent some food and supplies after the collpase of the USSR...

...the end of the Cold War could've meant the beginning of an unprecedented era of peaceful cooperation amongst the richest nations, where we could apply all the world's resources to solving our problems. But nooooo, it wouldn't be prudent for Wall Street and War Inc.

[eridani]

3. Indeed. They stopped being an empire, and we overextended ours n/t

[EC]

4. We've always been over-extended

we still owe from the Revolutionary War (somewhere around $55,000.) so what else is new? I don't see the problem as long as it's a low percentage of GDP.