From Bloomberg:
Obama Paying More Than Buffett as Bonds Show U.S. Losing AAA
Yup, in short order, we the American taxpayer are paying more than Warren Buffet and his green companies for debt. Hell, we’re even paying more now than the Germans!
Haven’t the debt markets heard that the deficit problem has been solved? Yeah, you see, we’re going to pay for 30 million more people to have all the health coverage they want, none of them will pay a dime for it and yet it won’t cost the government an extra nickle. In fact, they’ve got this health thing so figured out that by paying for more people, we’re actually going to save money as a nation!
OK, to be fair, the article does say that part of the reason that the corporate debt yield is lower than the Treasury is that high credit companies don’t seem to be borrowing as much anymore. Huh, why do you suppose that is? Do they know something the Federal Government doesn’t? Yeah, probably one thing; any money they borrow they’ll eventually have to pay back without the ability to make wage slaves of their customers.
We’re so screwed!
