U.S. Treasury facing higher lending costs.

[Markoso]

http://www.bloomberg.com/apps/news?pid=206...id=aYUeBnitz7nU

Pulled straight off of digg, and though I havne't done any additional research, it's looking like we may very well be on track to have some harrowing years ahead. I doubt we're even close to the stage Greece is at, but I am more than a little worried about how our long-term fiscal situation will be resolved. Unfortunately, the two most likely scenarios are that we'll try and inflate it away (I came across some economist articles detailing a growing movement to change the ideal nflation rate closer to 4%, from 2%), or blame the creditors for lending us the money in the first place.

Of course, there's always the comedy/atlast shrugged outcome: A national address detailing the moral obligation of creditors to lend to the U.S. at no interest, lest they be persecuted as democracy hating heathens.

[gags]

Adding the expense of a massive new healthcare entitlement isn't going to help the situation. It's pretty disturbing.