Friday, March 27, 2009

Bush and especially Obama turn us into a "sub-prime nation": the credit rating of the federal govt

From Matt Welch in Reason...

According to the FICO-score calculators over at the Credit Loan blog: If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30-year fixed-rate mortgage since "the government owes almost four times its yearly take".


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