Research

Yesterday, we highlighted the fact that the government had a hard time selling treasuries this week, as investors have become increasingly worried about our debt.  As a result, the yield on treasuries was raised which Former Federal Reserve Chairman Alan Greenspan called a “canary in the mine,” warning that there may be additional hikes in interest rates.  Bloomberg reports:

Higher yields reflect investor concerns over “this huge overhang of federal debt which we have never seen before,” Greenspan said in an interview today on Bloomberg Television’s “Political Capital With Al Hunt.” “I’m very much concerned about the fiscal situation,” said Greenspan …  An increase in long-term interest rates “will make the housing recovery very difficult to implement and put a dampening on capital investment as well.”

This week Pelosi pushed Obama’s government-run health care bill through the House, which is already causing disastrous effects on businesses and threatening the jobs of many Americans.  Obama and Pelosi need to start reining in their binge spending, because between their job-killing health care plan and their reckless spending the U.S. is facing a bleak future.  This is exactly why we need to fire Pelosi.