Obama’s "Really Stupid, Stupid, Stupid Sequester"

Obama’s "Really Stupid, Stupid, Stupid Sequester"

In the opaque world of sovereign debt credit ratings, one of the most important issues facing a rating agency is a country’s economic growth.

One of the reasons why the United States has had such large deficits is because economic growth for the last decade and a half has been anemic. 

I highlight that here because recently I took umbrage with the Congressional Budget Office projections on the U.S. economy and the country’s budget deficit, writing for Townhall about the budget problems we will face once interest rates begin to rise.

The “thorny problem with the CBO forecast is that after this...