The Democrats’ profligate spending has created a historic situation in which lenders feel that it is safer to lend to Warren Buffet, P&G, J&J, and even others, than the U.S. Government:
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. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks…
Moody’s predicts the federal government will lose its AAA bond rating very soon. And, this problem is not going to be fixed by saving $138 billion over 10 years.
