As investors worry about Southern European countries abilities to repay their growing debt, they are flocking to America for safe haven, reducing our costs to borrow.
Mortgage rates are now 5 percent or less here.
But its not going to last forever. We face some of the same issues that Europe faces: growing number of elderly, growing entitlements, unfounded pensions, out of control health care costs, and huge deficits.
Unless we put our house in order, we face the problems two to three years from now.
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