BETTING AGAINST AMERICA

The radio gasbags have often criticized their favorite billionaire bogeyman, George Soros, for betting against the U.S. dollar.  They have been silent about Rep. Eric Cantor (R-VA):

Eric Cantor Hit By Democrats For Potentially Profiting From U.S. Default
First Posted: 7/8/11 04:01 PM ET Updated: 7/8/11 07:25 PM ET
Amanda Terkel
HuffPo

WASHINGTON -- House Democrats are circulating a resolution accusing House Majority Leader Eric Cantor (R-Va.) of having a conflict of interest in the debt ceiling debate, a move that could provide an awkward C-SPAN moment for one of the lead Republicans in the budget negotiations.

The resolution goes after Cantor's investment in ProShares Trust Ultrashort 20+ Year Treasury ETF, a fund that "takes a short position in long-dated government bonds."

The fund is essentially a bet against U.S. government bonds. If the debt ceiling is not raised and the United States defaults on its debts, the value of Cantor's fund would likely increase.