Morici: Uncle Sam's F-Rated Bonds

by Benjamin Domenech on 10:35 am May 21, 2009

Were the United States any other country, its bonds would lose their AAA rating. President Barack Obama plans dramatic increases in spending over the next four years on healthcare, the environment, education, and federal employment. Yet the private economy, which must be taxed, is likely to grow slowly, resulting in too much borrowing.

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