Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts

Wednesday, July 27, 2011

The debt debate drama

Image source : ecorealty

Uncle sam seems to be facing a financial crisis. He's running out of money, and needs to borrow, problem is, he is already pretty deep in debt, and  there is a constitutional limit on how much he can borrow,  and has reached that limit. The Obama government, has approached the US congress to vote in favor of rising the debt ceiling, so it can borrow more, but the opposition party, isn't very much in favor of this, with little regard for the consequences. So we have on our hands a raging debate, heck an all out war going on in the country currently between the two parties of the country, i.e the democrats and the republicans. It's explained in a nutshell here

Will the real ABCD please stand up ?

(Image source : wikipedia )

The only reference I had to ABCD growing up was, while learning the alphabet . It was only after living in the USA for a while did I hear those letters in a different context. To those of you reading this, who may still be unaware of what these letters stand for......ABCD is an acronym for American Born Confused Desi. 
It is a phrase which is meant to describe the unique breed of people who are second generation Indian immigrants to the USA, i.e kids who are born in America to parents who are immigrants from India . It is supposedly used to describe the confused state of mind regarding their cultural identity of these category of people, in other words a confusion between their Indian-ness and their American-ness that exists in their minds .
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