[ArtDodger]

Perhaps a mechanism needs to be created.... It is a sound business policy that works at the micro level. Worth a try.

[Dr. Sivana]

Perhaps a mechanism needs to be created.... It is a sound business policy that works at the micro level. Worth a try.

You cannot try it UNTIL the deficit spending is brought under control. No one will buy the new bonds that fund our deficit when the old ones aren't paid at face value.

[9YearLurker]

You do realize that is why companies pay so much more for borrowing on much small amounts of money, don’t you?
On the other hand, this is exactly what states and local governments should do when theor outrageous pension promises become unsupportable.