Oh Dear! America's Finances in a Right Pickle, Says Rich Bloke!

Uh Oh Spaghetti Os! A Doctor's Diagnosis...

Right then! So this Mr. Ray Dalio a very important person with lots of money like the amount I wish I had to buy a new teddy after Teddy got stuck in my trousers and went for a spin in the washing machine says America's finances are in a bit of a pickle. He's like a doctor see and he's looking at America like it's got a very bad cold. 'I think we should be afraid of the bond market,' he said. Sounds a bit scary doesn't it? Makes you want to hide under the duvet with Teddy doesn't it? It's like when Mrs. Wicket says 'Mr. Bean you've flooded the flat again!' Very very serious!

Money Money Money! Always Sunny?

Apparently America's been spending more money than it has like when I tried to buy a new TV but only had enough for a packet of crisps and a rubber chicken. This has been going on for years! And now people are starting to worry which means they want America to pay them more to borrow money. It's like when I try to haggle for a discount at the market but the stall owner just laughs at me. They're not getting the 'special Bean price'. It is not fair. Very similar. If you know what I mean...

Moody Blues and Downgrades!

And it gets worse! Some important people called Moody's who decide if countries are good with money said America wasn't doing so well. They gave America a downgrade! It's like when I try to cook a fancy dinner and it ends up looking like something Teddy coughed up. Not a good look is it? Yields are up and up not that I know what it means. But it does not sound right.

Spending Like There's No Tomorrow!

So all this spending and not enough money coming in has made America's debt HUGE. Like bigger than my collection of rubber bands! They're spending so much on things like helping old people the army and doctors. And get this – they're spending more on just paying the interest on the debt than almost anything else! It's like having to pay Mrs. Wicket extra just for letting me live in her flat even though I keep blowing it up with my DIY experiments. But I do make it up to her sometimes like when I cleaned her fireplace.

Politicians and Their Silly Games!

Mr. Dalio (the money man) isn't hopeful that the politicians will sort it out. They can't agree on anything! It's like when I try to decide what to have for dinner – beans or more beans? Always a difficult decision. They passed a new law that cuts taxes and spends more on the army! It's like buying a bigger TV and then realizing you can't afford the electricity to turn it on! Honestly! It's like trying to put your trousers on and you realize you have put on someone else's.

Realistic Bean is not Optimistic!

Mr. Dalio says he has to be realistic not optimistic! He thinks the problem is that everyone wants more more more! It's like when I see a buffet and try to pile as much food as possible onto my plate. It always ends in disaster doesn't it? Always! 'Give me more,' they say. Honestly. Sometimes I think Mrs. Wicket is right. I am a menace. But at least I am a funny menace. With beans!