Less Private Megan: Ricky Martin is gay. I just wanted to say that. Also, someone who is not officially out is gay. I just wanted to say that too. [I hope her blogging friends don't become more famous, or we'll be hearing about their sex lives too.]
More Fiscally Responsible Megan: People are worried about long-term risk on US bonds. Perhaps they think we're in a financial crises, but it is more likely that they are worried about Social Security and Medicare driving the US into default.
[That can't be right, can it? Is she really saying people are worried about the US government defaulting? Several times she's said something similar, but I must be mistaken in some way. Does she not understand the part about printing money, or am I seeing things that are not there?
And of course, there's the dreaded default risk. If people stop thinking we're good for the money, they will demand higher interest rates, and tip us into crisis.
What is she saying?]