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Thanks to the Democrats and Barack Obama, private U.S. firms have lower bond rates than the Federal Government.
"Not many people noticed amid the Democrats' struggle to jam their health care bill through the House, but in recent weeks United States Treasury bonds have lost their status as the world's safest investment.
The numbers are pretty clear. In February, Bloomberg News reports, Berkshire Hathaway sold two-year bonds with an interest rate lower than that on two-year Treasuries. A company run by a 79-year-old investor is a better credit risk, the markets are telling us, than the United States government.
Buffett's firm isn't the only one. Procter & Gamble, Johnson & Johnson and Lowe's have been borrowing money at cheaper rates than Uncle Sam."
The added interest costs are part of the total cost of ObamaCare--which means in a ten year period, added interest charges on government bonds could add one trillion to the cost of government care--thank you Barack, for that.
America is in a Depression--ObamaCare guarantees we stay in fiscal distress for a generation, at least. Just look at Europe.
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"Not many people noticed amid the Democrats' struggle to jam their health care bill through the House, but in recent weeks United States Treasury bonds have lost their status as the world's safest investment.
The numbers are pretty clear. In February, Bloomberg News reports, Berkshire Hathaway sold two-year bonds with an interest rate lower than that on two-year Treasuries. A company run by a 79-year-old investor is a better credit risk, the markets are telling us, than the United States government.
Buffett's firm isn't the only one. Procter & Gamble, Johnson & Johnson and Lowe's have been borrowing money at cheaper rates than Uncle Sam."
The added interest costs are part of the total cost of ObamaCare--which means in a ten year period, added interest charges on government bonds could add one trillion to the cost of government care--thank you Barack, for that.
America is in a Depression--ObamaCare guarantees we stay in fiscal distress for a generation, at least. Just look at Europe.
More...