Gross Says Deficits Will Push Up Interest Rates and Other Priceless Comments

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Bill Gross is one of the world's biggest investors. In his recent monthly letter he cites the dangers of ultra high deficits in the US.

But first, we must cite Gross' comments on the state of our democracy. He said: "Our democracy does not work anymore, or perhaps more accurately, when it does, it works for special interests and not the American people." "When special interests even singular citizens write a check, it represents a perversion of democracy, not the exercise of the First Amendment..."

Here's another priceless quote: Referring to the money spent by health care lobbyists, he said: "What amazes me the most of all is that politicians can be bought so cheaply."

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Gross Says Deficits Will Push Up Interest Rates and Other Priceless Comments originally appeared on BloggingStocks on Thu, 07 Jan 2010 18:30:00 EST. Please see our terms for use of feeds.

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