Indeed

Hullabaloo

We're back in bizarroworld kids. All over TV this morning, none of the usual suspects seem to see anything even slightly ironic in the fact that the S&P downgrade results in a rush to buy these supposedly "unworthy" bonds.

It's terribly sad to also recognize that with such cheap borrowing costs and lots of interested lenders, the US could easily finance a major stimulus and build the country's infrastructure back up, hire some teachers, help the states out of their fiscal binds. But no. We're going to pretend we're a household and act as though government borrowing is a personal character flaw and force years of suffering on undeserving people for no good reason. I wish I could think of another reason for this other than folly, greed and opportunism.