Posted on 03/21/2010 8:40:59 PM PDT by MaxCUA
The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.
Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg.
(Excerpt) Read more at communists4obama.blogspot.com ...
Elections have consequences.
Hope America is happy. They put these socialists in power.
Buffet help put Obama in power.
Full article:
“While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the US will spend more on debt service as a percentage of revenue this year than any other top-rated country except the UK America will use about 7 per cent of taxes for debt payments in 2010 and almost 11 per cent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week.”
“President Obama’s budget proposal would create bigger deficits every year of the next decade, with the gaps totaling $US1.2 trillion more than his administration projects, the nonpartisan Congressional Budget Office said this month. Publicly held debt will zoom to $US20.3 trillion, or 90 percent of gross domestic product, by 2020, the CBO forecast.”
Get out your checkbook — guess who is going to pay for it?
Buffett is a POS.
I’ve wanted to tour Greece for a while. It looks like I won’t have to, since Obama is bringing Greece here.
Seniors will get a double whammy. First, medicare is cut. Second, many have a significant portion of the life's savings in the "safety" of US treasuries. These investment tools will take a hit.
The dems just love seniors.
Buffet’s one of the typical rich, liberal lefties.
This is one way to stop Obamacare. The country goes broke and slides into a depression. ****ing DemocRATS can screw up a *** dream.
I continue to be amazed by the absolute stupidity of the media. They have been doing nonstop interviews with “alleged whistleblowers” about the subprime crisis and they are amazed that nobody saw all the red flags. Well morons, we are getting dozens of red flags every day about what’s going to happen with all this government debt. And they sit there with their thumbs up their asses yet again.
Warren Buffett put him in power!!
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