Sunday, March 21, 2010

ObamaCare = No More AAA Debt Rating?

Quoting The Sydney Morning Herald:
“The bond market is saying that it's safer to lend to Warren Buffett than Barack Obama…

The $US2.59 trillion of Treasury Department sales since the start of 2009 have… raised concerns whether the US deserves its AAA credit rating…

While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped…

America will use about 7 per cent of taxes for debt payments in 2010 and almost 11 per cent in 2013, moving ‘substantially’ closer to losing its AAA rating, Moody's said last week.”
Click the image & read the rest:
Click the image & read the rest

So, on the very night that ObamaCare passes the House, we learn the bond market is signaling that U.S. Treasury notes might have already effectively lost their “AAA” rating -- leading to even higher interest payments on our soaring national debt.

But, the Dims tell us ObamaCare will reduce deficit spending. So, what’s going on here?

What’s going on here is that everybody -- including the Dims -- knows ObamaCare will dramatically increase deficit spending!

Click here for the facts on the big spending Dims.
Click here for the facts on ObamaCare & deficit spending.
Click here to examine our debt crisis & Paul Ryan’s plan.

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