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Biden to China: Of Course We’re Good for the Money!

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By Doug Powers  •  August 19, 2011 03:28 PM

**Written by Doug Powers

This must be comforting reassurance coming from the man whose economic philosophy is “spend money to keep from going bankrupt.”

From The Hill:

Vice President Biden offered reassurances Friday to China that the U.S. would repay its debts.

Biden assured Chinese Premier Wen Jiabao that the U.S. appreciates China’s conclusion that the U.S. “is such a safe haven because we appreciate your investment in U.S. Treasuries.

“And very sincerely, I want to make clear that you have nothing to worry about in terms of their viability,” Biden said, according to a pool report.

Biden told China that his boss was back in the states beginning work on a plan that will bring the economy back around, so there’s absolutely nothing to worry about.

President Obama, as you may recall, made similar assurances to a skeptical Chinese leader in late 2009:

**Written by Doug Powers

Twitter @ThePowersThatBe

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