U.S. Federal Debt Debate
The ongoing impasse over the federal debt ceiling—and the implications of a potential downgrade in the nation’s credit rating—have prompted many questions from investors. American’s are justifiably concerned, angry and outraged by the leadership and posturing of our governing bodies. While painful to watch, and possibly detrimental to the short term market stability, this discourse is actually a good thing. As a country we need to address our fiscal irresponsibility, and if need be, force our leaders to make the hard decisions, and not tow the party line. In this tenuous time we must not lose sight of the fundamentals and investment realities of today.