Thursday, August 4, 2011

Woo-Hoo! Our Creditline Was Raised!

I would like to meet the headline writer for Time magazine. The latest one that caught my eye is, "Did the nasty U.S. debt debate sour the world for good?" Where to begin? I guess I'll start with a resounding "NO!!!"

The problem is not the debate - that's just atmospherics - it's the metrics that stink. We are spending ourselves into oblivion and it is affecting the security of our once solid government bonds and notes. Would the headline writer prefer that Republicans and Democrats be buddy-buddy and continue amicably down the road to ruin? Interestingly, the text of the article illustrates that the rest of the world is looking at the metrics. Perhaps the Democrats might start doing likewise.

news.yahoo.com/did-nasty-u-debt-debate-sour-world-opinion-092000897.html

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