The 111th Congress not only has set the record as the most debt-accumulating Congress in U.S. history, but also has out-stripped its nearest competitor.
2011 will be the year of the municipal default. At least that’s what analysts like Meredith Whitney predict, as do bond investors that have been fleeing the muni market.
“As the states become more compromised from a fiscal standpoint, that funding is going to end.”
“I’ve been keeping the First Lady waiting for about half an hour, so I’m going to take off” — and left. Clinton, unfazed, kept right on pontificating.