Bond King to Congress: Get Real!
from Talking Points Memo
This is really a must-read piece. Not because of the message but the messenger. The hyper attention to the country’s debt is supposed to be in reaction to the bond market, the people who buy our debt. But the biggest bond guy in the country is telling Congress that while getting the deficit/debt in order is important long term it’s simply crazy to think massive budget cutting is going to create the jobs or the growth the country needs. Unfortunately, that’s the mindset now of people on both sides of the aisle. Must read.