Letter writer Roger Anderson claims that the United States is headed down the same path as Greece, unless we reform government spending and balance our budget.
Like most slogans it sounds good, but looking under the covers, it is devoid of facts. I would ask those who believe that theory to explain the following:
▪ U.S. interest rates are at historically low levels, and the 30-year U.S. Treasury is yielding less than 3 percent.
▪ Despite a recent selloff, the S&P 500 is less than 3 percent from its all-time high.
▪ The U.S. dollar is trading at a multiyear high as opposed to the euro and the yen.
Institutional investors in the United States and overseas are nonpolitical and vote with their money.
If they believed Anderson, they would be dumping U.S. bonds, stocks and the dollar.
Barry Rabinowitz, Plantation