More Socialism – Obama administration announces it will require lenders to temporarily slash or eliminate monthly mortgage payments.
Fidel Castro praises Obama for following in his footsteps.
More spending – Obama’s 2011 budget will raise the accumulated national debt to 90% of GDP in 10 years.
More insults – Obama snubs Israeli Prime Minister by refusing to eat with him. I know that is a crass way of expressing it but it is appropriate to the occasion. Obama walked away from the Prime Minister to have dinner alone.
More insolvency – The Pansy scheme on which Social Security operates had been forecast to remain with a positive cash flow in the year 2016. Today it was reported cash flow will turn negative this year.
The demand for US Treasury bonds on yesterday’s auction was weak. Concern about our looming debt is making our bonds harder to sell without offering higher rates in compensation for declining quality.
Bob B
RANDOM THOTS 