Eye On Freedom – Keeping a watchful eye on the preservation of our liberty at home and freedom around the world

Not many people noticed amid the Democrats’ struggle to jam their health-care bill through the House, but in recent weeks U.S. Treasury bonds have lost their status as the world’s safest investment.

The numbers are pretty clear. In February, Bloomberg News reports, Berkshire Hathaway sold two-year bonds with an interest rate lower than that on two-year Treasuries. A company run by a 79-year-old investor is a better credit risk, the markets are telling us, than the U.S. government.

Warren Buffett’s firm isn’t the only one. Procter & Gamble, Johnson & Johnson, and Lowe’s have been borrowing money at cheaper rates than Uncle Sam.

Democrats wary of voting for the health-care bill may have been soothed by the Congressional Budget Office’s report that it would reduce federal deficits over the next ten years. But bond buyers know that the Democrats gamed the CBO system to get a good score.

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