Stan Collender: Six Questions About the Politics of the Deficit

Stan Collender has an excellent piece:

Nieman Watchdog > Ask This > Six essential questions about the deficit, Wall Street and Washington:

For almost two decades we’ve been told that when you’re looking for signs of what Wall Street wants Washington to do about the federal budget, the bond market is the place to watch. What’s the bond market saying today? The bond market is... unequivocal... the bond market today is exhibiting no worries about the deficit or federal borrowing at...