Tonight, the House is expected to pass ObamaCare, with its huge price tag (which is sure to balloon). Meanwhile, according to Bloomberg.com, "the bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama. Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity."
Why is this? "The $2.59 trillion of Treasury Department sales since the start of 2009 have created a glut as the budget deficit swelled to a post-World War II-record 10 percent of the economy and raised concerns whether the U.S. deserves its AAA credit rating."
Since we're already at the edge of the cliff, what could make more sense than to step confidently out into space?
Sunday, March 21, 2010
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