Monday, January 24, 2011

Yield-Curve Anomaly Suggests, to Some, a U.S. Ratings Downgrade - WSJ.com

THE CREDIT CARD DISEASE: Yield-Curve Anomaly Suggests, to Some, a U.S. Ratings Downgrade - WSJ.com

With Obama's poll ratings going up and, from all the current reporting, he isn't planning to talk about how entitlements (Medicare, Medicaid especially) will have to be cut back, it would seem as though the public wishes to remain blissfully ignorant.

However, blissful ignorance is not the state in which business owners can allow themselves to wallow.

So, when one hears about a president intent on announcing additional spending with almost a 10% budget deficit, one really wonders if the credit card disease hasn't totally taken control of his mental faculties.

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