Due to the insane and utterly unconstitutional spending of Bush, Obama, and their predecessors and pals in the House and Senate, the US gubment is in danger of losing its AAA bond rating. A decreasing bond rating indicates fears by lenders that the recipient will be lesss likely to be able to pay back it's loans. It means the debtor is seen as a higher risk. This results in higher rates being charged for future loans... Soooo, if this happens, US borrowing will occur at higher interest rates, which, of course, will have to be paid by US taxpayers, or through the monetization of the debt, which causes inflation.

Not a pretty picture, cats!

Look forward to an upcoming Liberty Conspiracy Audio featuring our ally Glenn Jacobs, in which this subject will be discussed.

Be Seeing You!

http://www.bloomberg.com/apps/news?pid=20601087&sid=au5M0WphL81g&refer=w...