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As of yesterday, the yields on five-, seven- and 10-year bonds were all still negative, meaning that investors are paying the U.S. to hold onto their money.
— Despite the S&P’s boneheaded ratings and Republican obstruction of honest-to-goodness debt reduction efforts, U.S. debt was considered the safest investment in the world last year. Not just safe but lucrative too. It outpaced gold as the best investment of the year. But instead of using these market forces to make sound investments in our future, Republicans still insist that we cut our debt to the detriment of economic recovery.
