Bankruptcy could be good for America

FT.com ^ | January 11 2010 | Gideon Rachman

[HogsBreath]

The US has formidable strengths that will allow its government to be profligate for far longer than other nations could get away with. But if the US keeps running huge deficits, sooner or later the country will start flirting with bankruptcy.

[GeronL]

Imagine food and energy bills doubling or tripling, your pay won’t.

Its a good thing.

/sarc

[TheUndead]

Good for the FED. Chief leach phuck squid on the American taxpayer.

Mark to market please.

[sickoflibs]

Silly you, the USA owes it’s debt in it’s own currency.

There is nothing to default on.

[maxsand]

Let’s make sure America isn’t bankrupt... but it is
the American government that is bankrupt.

[sickoflibs]

And how do we do that?

[FromLori]

http://dailyreckoning.com/why-not-let-the-whole-banking-system-collapse/

[qam1]

If that’s what it takes to end/discredit the evil that is Liberalism, Progressiveness, Communism or what ever euphemism they call themselves, then so be it

[ColdSteelTalon]

We are in this mess for two reasons...

1. The inflationary policies of the Federal Reserve.
2. The Federal Government printing money (causing even more inflation), trying to re-inflate the economic balloon when natural market forces should be allowed to take their course.

[I Buried My Guns]

If bankrupcy is what it takes to give a slap in the face of those who feel entitled to my money, then so be it.

Multi-generational welfare recipients are the scourge of my town, and they need a big slap down, IMO.