Quote from Scataphagos:
If we default, nearly all American citizens will be bankrupted.
Potential lenders in the future will want sky-high interest rates because of our "proven and historical default risk".
Why are you so afraid of starting over? Can you not see that we are so far in debt to entitlements and foreigners that the only choice is default? Or would you suggest getting out of debt by creating ten times more debt, as has already been accomplished in six months of Hussein? No nation, no debtor, has
ever emerged from debt by incurring more debt, in real dollars. Ask anyone with a credit card. One hundred trillion dollars of debt is $100,000,000,000,000 ON TOP of ever-increasing taxes.
If America is to recover its pinnacle, it must re-industrialize as protectionist, and tell foreign creditors to take a hike. It's the only way to make a clean break and start new. Otherwise, there will always be strings attached to powers outside the country.
I, for one, am not afraid of taking strong medicine and amputation of pleasantries for a decade, to bury the long-dead, no value-added, globalist service economy and rebuild the manufacturing giant that buys what it makes and imposes such tariffs on imports to make the price truly equal at the wholesale level. Such will guarantee free enterprise to continue in competition. Pitting 10 cent/hr workers against an American standard of living was a shit idea to begin with; NAFTA et al were tools of traitors against the pursuit of happiness.
I suppose if we are holding on too tight to our Maseratis and vacation homes, we will choose to decide emotionally instead of like men. Not surprising, given the tolerance of feminism in this land.