Like everyone else, I’m waiting to see what happens in Congress on the debt ceiling. We need to raise the debt ceiling, raise revenues, and cut spending. All three are necessary. There is no magic solution, and default will be ugly.
I love my country. I wish everyone in Washington did, too. It seems like too many people love their party more than their country, or hate the president more than they love their country. As a citizen, that breaks my heart.
And as an investor, I am terrified.