BUZ LIVINGSTON: Another year, another fiscal dilemma

Published: Sunday, January 6, 2013 at 08:00 AM.

As distasteful as the current imbroglio appears, a far more ominous cloud is on the horizon with the looming debt ceiling. 

The last time politicians played chicken with the debt ceiling the United States lost its AAA credit rating. Here’s the truth. Failing to raise the debt ceiling is like going out for dinner, having a nice meal then walking out without paying. Having the world’s reserve currency requires basic fiscal responsibility.

Continued dysfunction only forces other countries to consider alternatives, none of which bode well for U.S. investors, borrowers or South Walton real estate values.

Buz Livingston, CFP offers hourly financial planning and fee-only investment management to clients along Florida’s Emerald Coast.  Contact him at 267-1068, Buz@LivingstonFinancial.netor www.LivingstonFinancial.net.

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