What Now, Washington?

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From the desk of Ian Wyatt Editor, Daily Profit Tuesday July 26, 2011 To unsubscribe - click here

	What Now, Washington?

	With every hour that passes, the stakes are getting higher. And still, Congress and the President have made virtually no progress on addressing the budget deficit, raising the debt ceiling and warding off default. House Speaker Boehner wants a two-step extension of the debt limit. Senate Majority Leader Harry Reid's proposal calls for a one-time increase that will last through the 2012 elections. But it appears that neither plan can get the votes to pass. Factions of the Republican Party don't believe Boehner's plan goes far enough on spending cuts, while Senate Democrats are reported to be "volcanic" over proposed cuts. The stalemate is especially worrisome because token spending cuts and small increases to the debt ceiling will not stop Moody's from downgrading U.S. debt. Right now, the U.S. enjoys a Triple-A rating on its Treasury bonds. And the 10-year bond currently yields 3%. But a debt downgrade would immediately push interest rates higher. And then everything for regular Americans becomes more expensive very quickly. Both sides are using the American people for leverage. To pressure the Republicans, President Obama has threatened that Social Security checks won't go out if the debt ceiling isn't raised. And House Republicans are threatening us all by looking at U.S. default as a viable option. So, who's looking out for the American people? No one, that's who. That's why individual investors must take control of their investments starting right now. I'm Ian Wyatt, founder of Wyatt Investment Research. My latest special investment report can help you protect and grow your wealth in spite of U.S. debt problems. Click here for the details on of how to get your FREE copy of the "U.S. Debt Protection Fund" special report...
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