Brad in his monetarism wants to know what the problem is. Answer? Because after foreign investors, only 30% of those bonds are bets made by the domestic economy. When the domestic economy does not believe in the longevity DC, then we have a problem.
Here in central valley, even the uneducated are wondering why we should bet on DC when we lose 25% of that money; even while we are one of the poorest states in the union. Which bodes ill for Obamacare. We are asking the young and invincible to bet that DC can manage the medical industry for 30 years, until they need medical help. Not likely in central valley, we are not even betting that our Choo Choo money will arrive from DC.
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