And BTW, you’ve probably read about Greece. Britain has default worries now, too. When enough investors see no other way but default in one country, bonds (led by treasuries) can collapse in other countries.
More serious to us than the Greek economy, even more than our own unemployment and dismal manufacturing situation is the present representation we have.
The idea that they are talking about such craziness as the Slaughter rule when the Constitution plainly states that such legislation must be voted on with yeas and nays and the votes recorded...
Why do people not realize that this is the road to ruin, that if this sort of thing is tolerated for one instant, we open the door to oppressive government, if not dictatorship.
There’s a bright side to Greece. Without this upheaval,this slap from reality,the supposed free ride would be continuing. Even if Greece defaults its probably worth it for the end result. I do not agree at all that England is anywhere near default. A lower debt rating in the case of a sovereign nation only means the increase chance of default grew from one remote chance to one that’s slightly less remote.