Michael Barone observes in this sharp column that the traditional perch of US bonds at the top of the safety ratings is a thing of the past. Reckless spending and promises of future spending have lenders around the world starting to worry that they won’t be repaid (or paid in far cheaper dollars).
The loss of credit-worthiness is inevitable for profligate individuals and nations.
Obama and his retinue can blather on an on about the alleged benefits of their hideous bill, but people who have to think long-term are giving his regime thumbs down.
