Friday, June 17, 2011

No, We Are Not Greece...

Regardless of what the Right might want you to believe, the U.S. is in no real immediate danger of collapsing due to eccessive debt obligations:

An investor now has to pay about $2 million annually to insure $10 million of Greek debt over five years, compared with about $50,000 on the same amount of United States government debt, according to Markit.

For folks whose actual money is on the line, U.S. debt remains a far safer bet than Greece... really, there's no comparison. Indeed, we are seen as 1/40th as likely to default as Greece.

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