Choo Choo!
Now boarding on track 1600, the Fiscal Train Wreck Express, making stops in Kickback Nebraska, Purchased Louisiana and a town near you! Amenities include IRS audits, statist coverage mandates, a crushing tax burden and fiscal instability. Ladies and gentlemen, please note a schedule change: this train will not be stopping at Freedom Junction. All aboard!
Hey, a trillion here and a trillion there and pretty soon we are talking real money.
Seems the market is not happy about all that borrowing…and is concerned about the risk of default:
http://www.bloomberg.com/apps/news?pid=20601087&sid=azz5FiyZHvMY&pos=2