[Twotone]

An opinion piece from WaPo. Interesting...

[Paladin2]

The Bernak and the Goldman Sack are going to ruin us eventually.

[FlingWingFlyer]

You can party all night long but eventually you have to pay the bar tab and the band. America is heading for default no matter what those buffoons on Capitol Hill decide at Barry’s expensive dinners paid for by the taxpayers. I think it’s too late already. America is going under. Amnesty will be the final nail in the coffin.

[RC one]

I think we default on our debt every time we raise the debt limit actually.

[MUDDOG]

He's exactly right -- it'll be a default *in substance.*
The debt will be formally paid back, but in inflated dollars.

Paul Krugman has been editorializing for years in favor of 5 to 6% inflation, and
the new fed chief Yellen is pro-inflation.

[nascarnation]

If you really want to get depressed, read Dave Stockman’s book “The Great Deformation”.

730 page rant and pretty much on the spot.

[Theoria]

Jim is a pretty smart dude, and he wears a bow tie.

[hinckley buzzard]

Verbal sleight of hand. Not the monetary default usually meant by the alarmists.