Will Spending Under ObamaCare Trigger The Next Financial Crisis?

This week President Obama signed the final piece of the ObamaCare legislative agenda and put Democrats on record favoring a future downgrading of the United States' triple-A credit rating, setting up a financial market crisis that will make 2009's burst mortgage bubble look like a tempest in a teacup by comparison.

America's sovereign credit rating works much like a consumer's credit score. If creditors trust that you can afford your debts and make payments on time, they offer low interest rates and easy terms.

But if you keep spending beyond your means - and don't look like you can afford to make future payments - eventually they'll charge higher interest rates or limit your access to new credit. (more)