For those of you not to familiar with the financial world of bonds, here is an interesting blog from our favorite financial blogger, Karl Denninger.

Why should this concern you? Bond prices set the rates on your house mortage (along with its value), car payments, student loans, earned interest in your bank account, and your future tax liabilities – this is because a huge percentage of your taxes go to pay off government over-spending (a.k.a. the National Debt).

Essentially, the more fiscally irresponsible Congress is now, the more you can expect to pay in taxes!