I hope my generation has the balls to default.
I really don't care if the government's credit is ruined. It deserves to be ruined.
I have to agree. As a younger worker, I wouldn't mind seeing the federal government just file for bankruptcy, shut down, and go home. If other countries we owe money to want to collect, they can just come and try to take it. We have grown far beyond our survivability in national debt through entitlements. It's time to start over.
If that happens, anything you own will also be worthless - might as well start living like cavemen.
Start buying gold now if you think that will happen.