Posted on 10/14/2013 4:42:01 PM PDT by whitedog57
After a weekend of meetings, there is still no agreement on the debt ceiling or budget.
debtceilgst
The reaction? US credit default swaps rose this morning. But notice they are still lower than they were on October 10th.
uscds101413
The US has the fastest rising CDS. Simply because the alleged default on US sovereign debt isn’t hurting any other country.
sovcds101413
So, President Obama and Congress are digging in their heels on cutting spending and debt. Even though Germany is cutting back on its debt.
debtdrop
Germany was able to lower its debt-to-GDP ratio. Why can’t Congress and Obama agree to lower the US debt-to-GDP ratio?
Instead, we have Obama punishing citizens by mean-spirited closures of national parks. Perhaps Obama should be called “Buffalo Bill.”
hannibalpit
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