signs of our weakened position

"China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy." Wall Street Journal

As a follow-up to yesterdays post I just wanted to illuminate the growing problems of our weakened position...and by that I don't mean the recession, I mean the large amounts of debt we are creating through our deficit spending.

If it doesn't work in my household budget, why would politicians think it works with trillions of tax dollars? Deficit spending leads to the same outcome regardless of scale...ultimate demise.